Fed rate-hike odds rise; policymakers signal inflation remains the priority – Link

CME FedWatch now puts the probability of a 25bp hike by September at 58.4%, reversing prior cut expectations. Kansas City Fed's Schmid said "tighter policy is needed" to curb inflation, while Philadelphia Fed's Paulson said she remains "open-minded.

Matters because: A hawkish shift could pressure crypto and other risk assets if easing expectations keep fading.