Wall Street bets on higher interest rates, contradicting Trump's push for cuts

Summary

The article discusses how Wall Street is increasingly betting on higher interest rates, contrary to President Trump's calls for lower rates. If the Fed raises rates in the coming months, it would be a significant political blow to Trump and the GOP's economic messaging during a campaign season defined by affordability concerns. The piece notes the rapid shift in economic outlook since the start of the year, with experts questioning why markets took so long to adjust. While oil and gas prices have dropped as Iran tensions eased, the market remains skeptical that this will translate into sustained lower inflation or rates.

Source

bskyWall Street bets on higher interest rates, contradicting Trump's push for cutspolitico.com