Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Rate hike bets remain elevated
Despite expectations that inflation could remain manageable, traders still see a 60.6% chance of a rate increase this month, according to the CME FedWatch tool. Samuel Tombs, chief US economist at Pantheon Macroeconomics, said, “We continue to think the next few months’ inflation data will be mild enough for a majority of members to refrain from tightening policy.”