Is the market priced in for another rate hike?

Federal Reserve's likely to raise rates after Powell's speech at Jackson Hole. He's dead set on getting inflation down to 2%, even if it means tolerating slower economic growth. Some aren't convinced, like economist Paul Krugman who suggests 3% inflation might be better. This chat stirred markets - odds of a rate hike in September rose by 19%, and chances of another this year hit a two-month high at 52.1%.

The timing of potential rate cuts, linked to crypto and stocks, got pushed back. Now, eyes are on June 2024 for that move. The markets are hanging on every word, reacting to any hint about the Fed's plan. Powell's speech kicked off debates about the right inflation goal and the impact of rate hikes. Investors are hunting for clues on how the Fed will steer the economy through post-pandemic challenges.

What do you guys expect?