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Oil price surge lifts expectations for a September Fed hike
CNBC says investors are increasingly positioning for a Federal Reserve rate increase in September as oil moves higher.
CNBC Markets reports that investor expectations for a Federal Reserve rate hike have climbed, with more traders preparing for the central bank to raise rates in September.
CNBC Finance similarly ties the shift in odds to a rise in oil prices, suggesting the move higher in energy costs is influencing how market participants price the Fed path.
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