There it is folks: Interest rate futures now see a BASE CASE of the next Fed move being a rate HIKE. In fact, the odds of the Fed cutting interest rates before July 2027 are a mere 1%. As inflation hits its highest level since 2023, the Fed is left with no option. All as Consumer Confidence just hit a record low and the labor market is weakening under the surface. Rate hikes into stagflation are coming.(The Kobeissi Letter)