Rising Odds of Federal Reserve Rate Hike Amid Surge in Oil Prices
Investors are increasingly pricing in a potential interest rate hike by the Federal Reserve at its September meeting, with odds now around 82%, up from below 53% last week. This shift is driven by rising oil prices due to escalating tensions between the U.S. and Iran.
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Topics: Fed funds futures Federal Reserve interest rate hikes oil prices U.S.-Iran tensions