Higher oil prices resulting from the U.S.-Israeli war in Iran are dashing hopes for any interest-rate cut by the Federal Reserve this year and even leading to growing chances of a rate hike.
Traders Lift Bets on a Fed Hike This Year to 50% as Yields Surge Bloomberg.comEven Jerome Powell doesn't know what's going on with the economy CNNBond Market's Big 2026 Fed Bet Flipped on Its Head by Oil Surge Bloomberg.comFed votes to hold rates steady, notes 'uncertain' impacts from Iran war CNBC
