Fed Rate Cut Expectations Collapse; Rate Hike Odds Rise: Markets now price in ~52% chance of a Fed rate hike by end-2026 (first time above 50%), with odds of no cuts in 2026 at ~40% and a September hike at ~20%. The Fed held rates steady recently, citing uncertainty from oil shocks; bond yields rise as "higher for longer" repricing hits equities and increases borrowing costs.
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