Traders in the fed funds market are ramping up bets that the Federal Reserve will start raising interest rates as soon as July, a previously unthinkable move that risks being derailed by a series of economic data.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-30/traders-ramp-up-fed-funds-shorts-in-risky-july-rate-hike-wager)