Fed Rate Hike Bets Increase

According to Odaily, U.S. short-term interest rate futures fell, as market pricing showed an increase in bets on Federal Reserve rate hikes after remarks from Fed Chair Waller.

Waller stated that the role of forward guidance should be limited, and that forward-looking policy should not be based on outdated or inaccurate data. He said the likelihood of the economy achieving significantly higher growth is rising, and market participants should pay attention to real information in the economy.