FED HIKE REMAINS UNLIKELY, WOLFE SAYS Despite markets pricing about 30% odds of a rate increase by October, Wolfe Research argues the Fed still isn’t likely to hike this summer. A softer labor market—shaped by AI trends and seasonal shifts—along with geopolitical risks from the Iran conflict, should keep the central bank on hold, suggesting markets are too hawkish right now. https://kalshi.com/markets/kxfedhike/next-fed-rate-hike/fedhike?utm_source=walterbloomberg(*Walter Bloomberg)