Traders boost US rate-hike bets on hawkish Fed (opens original article in a new tab)

Traders increased bets on Federal Reserve interest-rate hikes following inflation concerns and hawkish comments from new Chair Kevin Warsh, with oil prices rising and Brent crude stabilizing.

• Traders increased bets on US rate hikes, now pricing a 25 basis point increase by September
• Fed Chair Kevin Warsh signaled tighter policy, citing tolerance for high inflation
• Oil prices rose 4% from a three-month low, raising inflation concerns
• Brent crude steadied after reaching $80 a barrel