Chart of the week: Could interest rates actually go up?

While still unlikely, the probability of a rate hike has increased recently.

Fidelity Viewpoints

Interest rates as set by the US central bank are expected to hold steady over the next several months. And while there had been some expectations that the regime change at the Fed could mean a potential cut in rates, the CME's FedWatch tool has forecasted a rising probability of rate hikes in the back half of 2026.