Federal Reserve Weighs July Rate Hike as Energy Costs and Trade Tolls Surge

CNBC Finance reports that market expectations for a quarter-point interest rate increase on July 29 are climbing rapidly. Traders now place the probability of a hike at 46.5% following the administration's decision to blockade Iranian ports and levy a 20% cargo toll. These shifts

CNBC Finance reports that market expectations for a quarter-point interest rate increase on July 29 are climbing rapidly. Traders now place the probability of a hike at 46.5% following the administration's decision to blockade Iranian ports and levy a 20% cargo toll. These shifts