☄️ Fed hike bets are back.

Polymarket’s odds of no rate change at the July meeting briefly fell from 90% to 59%.

The repricing followed a hawkish warning from Fed Governor Christopher Waller: another hot core inflation print could put a near-term rate hike on the table.

🛢 Oil is adding pressure too. Brent surged above $85 after the U.S.–Iran conflict escalated, reviving inflation fears.

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