Could the Fed hike rates? Bond traders need to at least think about it, says strategist.

Only a month ago, parts of Wall Street were considering what was being described as an “unthinkable” scenario of no interest-rate cuts by the Federal Reserve this year. Now, a strategist at one big bank is going a step further in the higher-for-longer theme on rates.

MarketWatch Live: New-year pickup in U.S. inflation is a shot across the Fed’s bow

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