Odds of Federal Reserve rate hike surge as oil prices rip higher
Investors are increasingly preparing for the Federal Reserve to hike interest rates as oil prices climb.Fed funds futures are pricing in a roughly 82% likelihood that the central bank lifts borrowing costs at its September policy meeting, according to CME's FedWatch tool. A week ago, those odds sat below 53%.The central bank is still broadly expected to keep rates unchanged at the current 3.50% to 3.75% at its gathering next week. That was the fewest claims since 1969, when the U.S. population was 60% of what it is today.
- ▪Investors are increasingly preparing for the Federal Reserve to hike interest rates as oil prices climb.Fed funds futures are pricing in a roughly 82% likelihood that the central bank lifts borrowing costs at its September policy meeting, a
- ▪A week ago, those odds sat below 53%.The central bank is still broadly expected to keep rates unchanged at the current 3.50% to 3.75% at its gathering next week.
- ▪That was the fewest claims since 1969, when the U.S. population was 60% of what it is today.
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| Original publisher | CNBC — Top |
| Canonical URL | https://www.cnbc.com/2026/07/23/fed-interest-rate-odds-oil-jobless-claims.html |
| Publication time | Thu, 23 Jul 2026 20:24:52 GMT |
| Retrieval time | 2026-07-23T20:25:30.857Z |
| Last seen | 2026-07-23T20:25:30.857Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | arEKTWc0Ve-9 |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
Investors are increasingly preparing for the Federal Reserve to hike interest rates as oil prices climb.Fed funds futures are pricing in a roughly 82% likelihood that the central bank lifts borrowing costs at its September policy meeting, according to CME's FedWatch tool. A week ago, those odds sat below 53%.The central bank is still broadly expected to keep rates unchanged at the current 3.50% to 3.75% at its gathering next week. But even then, there's a growing minority planning for an increase: Fed funds futures trading indicates a nearly 38% probability of a quarter percentage point hike, up from less than 12% a week ago.Brent, the global crude benchmark, hit $100 a barrel on Thursday for the first time since late May amid a new round of tit-for-tat attacks between the U.S. and Iran.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.