Business

Fed Rate Hike Odds Increase Amid Oil Prices

Updated 2026-07-13 17:40 UTC 1 source Neutral

The likelihood of a July rate hike by the Federal Reserve has risen due to increased oil prices, which are linked to tensions in the Strait of Hormuz.

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CNBC
Chances of a rate hike in July by the Federal Reserve rose as oil prices jumped on the latest developments in the Strait of Hormuz.
2026-07-13 17:07 UTC
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