Rate-cut hopes fade as inflation and oil surge dim outlook
Futures markets now price in meaningful odds of a Fed rate hike by year's end, reversing earlier expectations of cuts.
Why it matters
That means borrowing costs-from mortgages to car loans-aren't likely to fall soon, which hits everyday budgets and homebuyers.
The big picture
Changes the script for rate-sensitive sectors and what households might expect in loan costs this week.