CNBC Pro

Traders start to price in five rate hikes for this year after Powell speaks

Traders work on the floor of the New York Stock Exchange (NYSE) on January 18, 2022 in New York City.
Spencer Platt | Getty Images

Traders in the fed funds futures market began to mount bets for five Federal Reserve rate hikes Wednesday following hawkish comments from Chair Jerome Powell.

More In Pro Insight

Three things to watch for from the OPEC meeting, including a likely market-moving supply cut
CNBC ProThree things to watch for from the OPEC meeting, including a likely market-moving supply cut
Credit Suisse is under pressure, but short sellers appear to be eyeing another global bank
CNBC ProCredit Suisse is under pressure, but short sellers appear to be eyeing another global bank
The UK property market could be about crack. Here's how to trade the sector, analyst says
CNBC ProThe UK property market could be about crack. Here's how to trade the sector, analyst says