Woofun AI reports that the Federal Reserve has adopted a more aggressive stance on interest rates, driven by persistent inflationary pressures. The latest dot plot reveals that nine policymakers now support raising rates this year, with six anticipating two or more hikes of 25 basis points each. This marks a significant departure from the March projections, where no officials predicted any rate increases.

Meanwhile, Federal Reserve Governor Waller underscored the central bank's resolve to combat inflation. Deutsche Bank Chief U.S. Economist Matthew Luzetti noted that the probability of rate hikes has clearly risen. Consequently, financial markets experienced volatility, characterized by a sharp decline in equities and an upward trend in bond yields.