CNBC·4 min read·hard
A July rate hike from the Fed? The odds are rising
D
Davis Giangiulio
✦AI Summary
Market expectations for a Federal Reserve interest rate hike in July are rising due to geopolitical tensions in the Strait of Hormuz and concerns over persistent inflation. Rising oil prices and warnings from Fed officials have increased the probability of a rate increase despite cooling annual inflation data.
The Federal Reserve is still expected by futures traders and prediction markets to maintain the status quo at its July meeting, leaving interest rates unchanged once again . However, it's going to be a close call.
economybusinesspolitics
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in