The Fed is running out of time to avoid sleepwalking into a June rate hike, economist warns

Financial markets are increasingly pricing in expectation of a June interest-rate hike by the Federal Reserve, and if the central bank doesn’t want to go through with one, time is running out to push back.

That’s according to Tim Duy, chief U.S. economist at SGH Macro Advisors, looking at recent speeches.

“Fed leadership has directed us to…