Fed to hike? When traders see a rate increase coming

The Federal Reserve logo is seen on the William McChesney Martin Jr. Building on Sept. 16, 2025 in Washington, DC. Kevin Dietsch | Getty Images While President Donald Trump made his pick for chair of the Federal Reserve with interest rate cuts in mind, his appointee may preside over the first rate hikes since 2023. That's according to traders on prediction market platform Kalshi, where there's a rising likelihood the Fed will move to increase rates in the next year. …