Traders were betting that chances of a 50-basis-point rate hike at the Fed’s March meeting were around 60%, according to CME Group’s FedWatch tool, up sharply from a probability of 31% before Powell’s Tuesday and Wednesday appearances in Congress.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend