Traders anticipate the central bank hiking interest rates amid high inflation.

Traders anticipate the central bank hiking interest rates amid high inflation.

Fed forecasts persistent inflation and likely rate hikes by year-end. Inflation below 3.6% in June at 3.2% YES.

US inflation surged past 4.0% in May, driven by Middle East conflict-fueled energy prices, marking the highest increase in three years. This development pushes the Federal Reserve…