Bai Da Wealth: The market has priced in expectations for the Federal Reserve's interest rate hike too high

According to Jinshi News, Baida Wealth Management pointed out that the market currently has an unusually high probability pricing for the Federal Reserve's interest rate hike. Senior U.S. economist Xiao Cui stated that while the risk of an unexpected rate hike cannot be completely ruled out, the current market pricing seems too high. The latest U.S. inflation data and statements from Federal Reserve officials have reinforced expectations that the Federal Reserve will keep interest rates unchanged at 3.5% - 3.75% this week.

Cui also believes that Logan and Harmack in the committee may cast dissenting votes in support of a 25 basis point rate hike, and Kashkari may also join this camp.