Markets see the Fed's next move as a potential hike as oil prices surge, inflation fears rise

Surging energy prices, rising import costs and mounting stagflation concerns are pushing markets to consider that the Federal Reserve's next move could be a rate hike.Traders in the futures market pushed the probability of a rate increase by the end of 2026 to 52% Friday morning, the first time it has crossed the 50% threshold, according to the CME Group FedWatch tool.The move comes as global benchmark crude prices topped $110, adding to a series of developments this week signaling that inflation pressures ...