Market expects Fed rate hike despite expert concerns on national debt

Youtube

·

Original Report

↗ Youtube

Despite arguments from experts that the Federal Reserve cannot raise interest rates due to the immense national debt and that current inflation is a supply shock from high oil prices rather than an overheating economy, the market is pricing in an 86.5% to 88.7% chance of a rate hike at the upcoming Fed meeting, which would be the first since July 2023.