Rate Hike Odds Jump to 90% as Record Diesel Lifts Inflation: This Week on Wall Street
Two hot inflation prints lifted Fed rate hike odds to 90%, diesel topped $6 a gallon for the first time and the 30-year Treasury yield hit its highest since 2007.
Prices for things we buy went up a lot, so people think the Federal Reserve will raise interest rates soon. When rates go up, borrowing money costs more for both people and companies.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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