Fed Rate Hike Odds Rise to 11%

Wall Street traders increased bets on a Fed rate hike after hawkish comments from officials.
CME interest‑rate futures show an 11% probability of a hike this year, up from 5% earlier and 0% Tuesday.
Probability of a rate cut hovered around 2% despite the Fed’s statement favoring cuts.
Three Fed presidents objected to the language, and Chair Powell said it could be removed at the meeting as inflation stays high.