Trump's Iran War Is Doing What No One Expected: Bringing Rate Hikes Back On The Table

President Donald Trump has spent months aggressively pushing Federal Reserve Chairman Jerome Powell to cut interest rates. But 21 days into the war in Iran — with no end in sight — the bond market is starting to scream what Trump would never have expected to hear. A rate hike. Short-term interest-rate futures are now pricing chances of a Federal Reserve rate hike before the end of the year. Less than three weeks ago, markets had 60 basis points of cuts on the table. The Iran war has not just reversed t ...