Federal Reserve Rate Hike Bets Surge as Oil Crosses $100 Mark

TLDR: Federal Reserve rate hike odds climbed to 38% after Brent crude crossed $100, reversing the market’s earlier confidence in near-term rate cuts. Two-year Treasury yields reached 4.37%, while the ten-year yield approached 4.7%, increasing financing pressure across stocks, housing, and crypto. June CPI cooled to 3.5%, but May PCE inflation reached 4.1%, leaving policymakers [...]

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