---
title: "Surprise July Rate Hike Would Upend Risk Sentiment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293649504.md"
description: "Authored by Michael Ball, Bloomberg macro strategist,Markets may be underpricing a July Fed hike, given still-high inflation, a steady economic backdrop, a growing committee quorum and a strong credibility incentive to move sooner and ultimately have to tighten policy less later."
datetime: "2026-07-23T17:10:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293649504.md)
  - [en](https://longbridge.com/en/news/293649504.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293649504.md)
generator: "portal-rs"
---

# Surprise July Rate Hike Would Upend Risk Sentiment

*Authored by Michael Ball, Bloomberg macro strategist,*

**Markets may be underpricing a July Fed hike,** given still-high inflation, a steady economic backdrop, a growing committee quorum and a strong credibility incentive to move sooner and ultimately have to tighten policy less later.

## Related News & Research

- [Futures traders just dramatically repriced the chances of a Fed hike next week](https://longbridge.com/en/news/298819664.md)
- [US braces for inflation report that may push Fed to hike rates](https://longbridge.com/en/news/298662505.md)
- [Trump’s rate-cut push meets a Fed decision expected to consider a hike](https://longbridge.com/en/news/298834250.md)
- [Economists see Fed defying expectations for rate hikes](https://longbridge.com/en/news/298721317.md)
- [19 ways Fed interest rate hikes could affect your finances](https://longbridge.com/en/news/298806577.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**