According to The Wall Street Journal, after some hawkish signals from Federal Reserve officials, Wall Street traders are betting that the Federal Reserve may raise interest rates this year, although the possibility is still small.
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CME interest rate futures data shows that traders believe there is an 11% chance the Federal Reserve will raise interest rates this year, up from 5% earlier in the day and 0% on Tuesday, while the probability of a rate cut hovers around 2%.
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