Markets are increasing bets that the Federal Reserve will deliver three more interest rate hikes before the end of 2027.

U.S. short-term interest rate futures declined, with markets ramping up bets that the Federal Reserve will implement three more interest rate hikes by the end of 2027. The U.S. Dollar Index (DXY) rallied nearly 40 points in the short term, now standing at 102.52.

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