CME Group Fed Watch went from showing very high probability to rate cut later in the year especially September timeframe.
Now it's completely reversed, shows no longer any probability for rate cuts even into 2027, and shows rate hikes now far more likely with high probability even to 4% again.
This is going to not be good for the market. Higher interest rates, less growth, less jobs, etc..
This war really was so frivolous, I'm scared to see what 2027 will look like.