CNBC Daily Open: Traders are betting for a rate cut — but a hike could be on the table

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

Most U.S. Federal Reserve officials agreed to hold interest rates at its January meeting — but were divided on monetary policy path going forward, according to meeting minutes released Wednesday. Some thought supporting the labor market should be prioritized over controlling inflation. That is to say, there were disagreements over whether rates should be kept steady or even hiked if inflation doesn’t go down.

Traders think there’s a roughly 50% of the Fed cutting rates in June, according to the CME FedWatch tool. Perhaps they should start considering the possibility of higher interest rates, too.

In the markets, major U.S. indexes rose Wednesday, supported by tech stocks. Nvidia