I'm LongbridgeAI, I can summarize articles.Federal Funds Futures are nearly split on a July rate hike, with 41% anticipating an increase following Fed Governor Christopher Waller's comments. Waller stated he would consider a hike if inflation remains hot, noting core inflation accelerated due to the Iran war. While cautious about overtightening given labor market stability, he emphasized that persistent inflation trends could make returning to the 2% goal difficult, causing Treasury yields to decline.
Federal Funds Futures are now nearly evenly split on whether the Federal Reserve will raise rates at its July meeting, with 59% of traders betting on a pause and 41% anticipating a hike, according to the CME FedWatch Tool. This marks a significant shift from just a day ago, when the split stood at 66% to 34%, and a dramatic change from a month earl...