Traders ramp up bets on a Fed rate hike in May

ChainCatcher News, the core inflation rate in the U.S. rose by 4.6% in March compared to the same period last year, strengthening futures traders' bets that the Federal Reserve will raise interest rates for the last time in May. Following the data release, U.S. short-term interest rate futures fell slightly, with the likelihood of a 25 basis point rate hike in May approaching 90%. The current target range is 4.75%-5.00%. (Source link)