Posted inGeopolitics, Markets

Oil’s Break Above $100 Raises Fed Hike Odds, but Economists Still Expect a Pause

Oil’s return above $100 a barrel has revived fears that inflation could accelerate again in the United States. Investors have responded by sharply increasing the probability of a Federal Reserve rate hike next week, even as economists remain convinced that policymakers will wait. The Fed will meet on July 28–29 and announce its interest-rate decision […]