22 Hrs
Source:
الاقتصادية
Oil drives bets on Fed rate hikes
Investor bets that the U.S. Federal Reserve will raise interest rates at its upcoming meeting have increased following a surge in oil prices, which climbed due to escalating tensions in Iran. The likelihood of a quarter-point rate hike has risen to 38%, up from just 13% a week ago, according to CME Group data. This is attributable to inflationary pressures caused by rising oil prices, which have exceeded $200 per barrel, leading to inflation in fuel costs and energy markets. This market shift reflects concerns over persistent inflation and the need for the central bank to take action to address it, amid divisions among Fed members regarding the timing of interest rate increases. There is growing discussion about the potential for a more aggressive monetary policy stance in September.
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