Economics
Four Fed Hikes May Be Just the Start as Traders Boost Rate Bets
- Options trades suggest bets on eight increases by early 2024
- Bond market now set to focus on Fed testimony, inflation data
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The drumbeat for the Federal Reserve to implement four quarter-point interest-rate hikes this year is growing -- and with the speed that markets have been moving, there’s a possibility that traders may soon look to protect themselves against the risk of even faster tightening.