Quartz·1 min read·medium
Odds of a September Fed rate hike surged to 82% as oil topped $100 a barrel
✦AI Summary
Market expectations for a Federal Reserve interest rate hike in September have risen to 82% following a spike in Brent crude oil prices and low jobless claims. These indicators suggest persistent economic pressure.
Markets are pricing in a near-certain rate increase at the Fed's September meeting after Brent crude hit $100 and jobless claims hit the lowest level since 1969
economybusiness
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