Eight Weeks Up, And Even A Hawkish Fed Can't Stop It: This Week On Wall Street

The bull market keeps shrugging off every reason to stop.
The S&P 500 — as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) — closed the week on track for an eighth straight weekly gain. That’s its longest winning streak since December 2023, even as the Federal Reserve signals that the next rate move could be up, not down.
Minutes from the April FOMC meeting flipped the script: officials would back rate hikes if inflation stays sticky, after consumer prices jumped to 3.8% in April. Markets are now pricing in an 82% probability of a rate hike by year-end, with a full hike priced in by January 2027.
A year that opened with talk of cuts is now openly debating tightening.




MEETING DATE
3.50%-3.75% (on hold)
3.75%-4.00% (+25 bp HIKE)


06/17/2026
96,26%
3,74%


07/29/2026
84,50%
15,50%


09/