The contrarian view for Fed rate cuts: Payrolls will weaken, inflation will plunge, and Kevin Warsh was 'largely performative' in his hawkishness

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Wall Street overwhelmingly expects the Federal Reserve to hike rates later this year, but a few contrarians still insist the opposite will happen.

According to CME’s FedWatch tool, investors have priced in 77% odds that the central bank will lift the benchmark rate by a quarter-point or more by the end of the year.