Is the futures market getting ahead of itself on U.S. rate hikes?
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Article Excerpt
Is the futures market getting ahead of itself on U.S. rate hikes?
The bond market is forecasting that interest rates will hit 5% later this year. Yet many economists and central bankers are less certain.
For weeks now, financial markets have been sending signals that they expect the Federal Reserve to hike interest rates significantly by late summer or fall. The message was clear enough in mid-June when US Treasury yields rose sharply after Federal Reserve Chair Jerome Powell indicated that higher rates could last for longer than previously anticipated. That’s because bond prices and yields …
Read full article at The Globe and Mail ↗
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Jun 3, 2026