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Just like that: Market pricing swings back to quarter-point Fed rate hike

Just like that: Market pricing swings back to quarter-point Fed rate hike

A trader works on the floor during morning trading at the New York Stock Exchange (NYSE) on March 10, 2023 in New York City. 

Spencer Platt | Getty Images

It seemed like only yesterday that markets were sure that a tougher Federal Reserve was going to raise its benchmark interest rate a half percentage point at its meeting in less than two weeks.

That’s because it, in fact, was yesterday. On Thursday, traders in the futures market were almost…


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