Traders bet that the probability of the Federal Reserve raising interest rates in April next year exceeds 50%

Bond traders are betting that the Federal Reserve may raise interest rates first and then lower them, and swap contracts show that the market expects the probability of a rate hike in April next year to exceed 50%. Some traders increased their positions to hedge against the risk of interest rate hikes before the end of the year. Kevin Walsh is about to take over as the chairman of the Federal Reserve, and decision-makers are increasingly divided on the outlook for interest rates.