investors are betting the federal reserve under chair jerome powell could raise interest rates again in july carolyn kasterassociated press market participants still expect the federal reserve to raise interest rates further this year even if the central bank holds them steady at its next meeting two policy makers fed governor philip jefferson and philadelphia fed president patrick harker signaled wednesday their preference to forgo an interestrate hike at the fed’s next meeting on june 1314 still both indicated future increases werent off the table a 69 chance the central bank forgoes an interestrate hike this month leaving rates at between 5 and 525 overall however investors see a 50 chance that rates will be a quarterpercentage higher by july and a 15 chance they will be half a point higher uncertainty about the rates outlook has weighed on investors some investors entered the year skeptical that us rates would stay higher for longer but strong economic data and stubborn inflation prompted the central bank to raise rates by a quarterpercentage point three consecutive times in 2023 friday’s jobs data will be watched closely for that reason economists polled by the wall street journal expect the us to have added 190000 jobs in may down from 253000 in april