traders are rebuilding bets on a 50 basispoint federal reserve rate hike in march due to surging inflation expectations and hawkishness from some officials those forecasts are adding to concern about damage to growth further down the track meetingdated swaps are now pricing in an increase of roughly 34 basis points in the fed’s benchmark next month up from just 28 basis points as recently as monday that is still well below this month’s high of 48 basis points