Oil surge rekindles bets on a Fed hike at Warsh’s second meeting
TL;DR Summary
Markets are weighing a possible rate increase at Kevin Warsh’s second Federal Reserve meeting. A jump in oil above $100 a barrel boosted odds to about 36%, with traders pricing in the first hike by September and possibly one or two more hikes over the next year, supported by a robust labor market and inflation above the Fed’s 2% target, though Warsh has offered no policy guidance.
- Will the Fed raise interest rates at Kevin Warsh’s second meeting? Financial Times
- Bond Traders on Edge as Risks of Fed Rate Hike This Week Mount Bloomberg.com
- Odds of Federal Reserve rate hike surge as oil prices rip higher CNBC
- Fed chair 'an enigma:' Why July interest rate move is hard to predict USA Today
- Will the Federal Reserve raise interest rates? Here is what experts predict for July's meeting. CBS News
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