CNBCJul 13, 2026, 5:07 PM

A July rate hike from the Fed? The odds are rising

Markets are pricing in a 46.5% chance the Federal Reserve raises interest rates in July, up sharply from 34% a day earlier, as oil prices and inflation concerns rise following Trump's announcement of new Iran sanctions.

46.5%34%36%20%10%20%5%$753.8%4.2%2025-07-29June inflation expected to cool to 3.8% from 4.2% in May
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