Fed Rate Hike Odds Rise as Inflation Surges. What It Means for YouFed Rate Hike Odds Rise as Inflation Surges. What It Means for YouFed Rate Hike Odds Rise as Inflation Surges. What It Means for You 

Gemini / GoogleIn a shift, traders are now betting the Federal Reserve’s next move will be a rate hike, even as new Chair Kevin Warsh and President Donald Trump have signaled support for lower borrowing costs. The Fed typically lowers rates to stimulate the economy, which can incentivize hiring, and raises them to curb inflation. Today, forecasters’ rising expectations for a hike appear to be a reaction to…