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Fed's FOMC Rate Decision Due Today Amid High Oil Prices

Real Investment Advice +1 ·

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  1. 1The Fed's FOMC meeting concludes today, with the rate decision to be announced at 2:00 p.m. Eastern Time.
  2. 2Markets are pricing in a 62% probability of a hold at 3.50–3.75% and an 82% probability of a hike in September.
  3. 3June CPI eased to 3.5%, but with oil prices surging more than 20% over the past two weeks, the impact on the decision is in the spotlight.

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