Several Federal Reserve officials have made hawkish remarks, and the market expects a 64.2% probability of a rate hike in October

Cleveland Fed President Hamack stated that inflation has been high for over five years and expressed concern about the solidification of inflationary attitudes, emphasizing the need to maintain restrictive policies. Kansas City Federal Reserve President Schmid said that the Federal Reserve has still not solved the inflation problem, and warned that the US debt level is extremely extreme. New York Fed President Williams said that repeated supply shocks may continue to push up high and long-term prices. CME Federal Reserve observation data shows that the market expects the probability of the Fed raising interest rates by 25 basis points in October to be about 64.2%. (Source: Caixin)