Just cut interest rates three times and now about to raise by 100 basis points? This roller coaster is making me a bit dizzy.

According to The Wall Street Journal, Kevin Warsh, the new Federal Reserve Chair appointed by Trump, will be sworn in on Friday, but against the backdrop of rising oil prices due to the Iran war, inflation rebounding, and the AI boom stimulating demand, the market is beginning to bet that the Fed's next move may not be rate cuts but rate hikes. Some economists believe that if inflation continues to heat up, the Fed may need to raise interest rates by about 100 basis points to reverse the three rate cuts in the second half of 2025.