BREAKING: Prediction markets now see a 23% chance of rate HIKES returning in 2025, per @Kalshi. This comes after CPI inflation marked its largest month-over-month increase since August 2023, at +0.5%. Today, PPI inflation unexpectedly jumped to its highest since February 2023, at 3.5%. Meanwhile, the base case now shows interest rate cuts not beginning until at least September 2025. Is higher for longer back?