Wall Street Maintains Bets Fed Won’t Cut Rates Through 2026

Financial markets maintained their position Friday that the Federal Reserve will keep interest rates unchanged through the end of 2026, following the release of March consumer price data that showed inflation climbing as economists had anticipated.

Market participants continue to assign roughly a one-third probability to the possibility of an interest rate reduction by the Fed’s December meeting, according to analysis of interest-rate futures contracts trading on the CME Group.