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Odds of Federal Reserve Rate Hike Surge as Oil Prices Rip Higher
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Investors are increasingly preparing for the Federal Reserve to hike interest rates as oil prices climb. Fed funds futures indicate a 70% chance of a rate hike in September, up from 40% last week.
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Odds of Federal Reserve Rate Hike Surge as Oil Prices Rip Higher
Investors are increasingly preparing for the Federal Reserve to hike interest rates as oil prices climb. Fed funds futures indicate a 70% chance of a rate hike in September, up from 40% last week. The move is driven by rising oil prices, which have topped $100 a barrel. The Federal Reserve has been closely watching oil prices, and a rate hike is seen as a way to combat inflation. The US Federal Reserve, led by Chairman Jerome Powell, has been under pressure to act on inflation.
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