Borrowers Still Waiting: Fed Rates Stay Put, But Markets Bet on a Hike

The Fed has kept its benchmark rate at 3.50%–3.75% for three meetings and expects one cut in 2026. Yet traders see a 38% chance of a rate hike by September. Inflation is 3.4% — above the Fed's 2% goal — and tariffs may push prices higher. Savers keep earning; borrowers get no break.