Fed Rate Hike Odds Surge as Oil Prices Rise
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- Odds of a Federal Reserve rate hike are surging as oil prices rise sharply, per CNBC
- The Fed faces growing pressure to hike rates as price risks rebound, per Bloomberg, while one outlet calls the Fed chair 'an enigma' and says a July move is hard to predict
Why it matters: Growing pressure to raise rates — driven by rebounding price risks and surging oil prices — would raise borrowing costs on mortgages, credit, and corporate debt if the Fed acts at the July meeting.
