Oil Price Surge and Low Jobless Claims Push Fed Hike Odds to 82 Percent

Oil Price Surge and Low Jobless Claims Push Fed Hike Odds to 82 Percent

CNBC Finance reports that interest rate futures now reflect a significant shift in monetary policy expectations as energy costs climb. Traders have pushed the probability of a September rate increase past 80% following a sharp rise in crude prices and the lowest unemployment fili

CNBC Finance reports that interest rate futures now reflect a significant shift in monetary policy expectations as energy costs climb. Traders have pushed the probability of a September rate increase past 80% following a sharp rise in crude prices and the lowest unemployment fili