White House senior adviser Kevin Hassett has indicated that raising interest rates is under consideration, while emphasizing the importance of respecting the Federal Reserve’s independence in its decision-making. The federal funds rate has remained between 3.50% and 3.75% throughout 2026. The probability of the Fed maintaining a pause in its next three meetings has dropped from 68% to 49%. Meanwhile, the likelihood of a rate hike by September has risen to 52%. Economic indicators such as the Consumer Price Index and employment figures remain critical factors shaping market expectations for the Fed’s future monetary policy decisions.
Source: Read the original article
