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US Business · cnbc.com · Wednesday, 15 July 2026

Fed Hike Odds Jump to 46% as Oil Shock Hits Markets

Odds rose to 46.5% from 34% after Trump re‑imposes the Strait of Hormuz blockade, oil tops $75 a barrel, and Fed Governor Waller warns against delay. Higher oil and AI‑driven price pressures could force the Fed to act at its July 29 meeting.

Read the source: cnbc.com ↗In the 15 July issue →