0943 ET - Oil prices and Treasury yields are rising ahead of next week's Federal Reserve meeting. The Fed, which was once navigating the appropriate time to possibly lower interest rates, is now increasingly focused on more inflation risks, such as higher energy prices and demand driven by artificial intelligence investment. Oil prices are climbing back to $100 a barrel as President Trump says the U.S. would hold Iran responsible for future attacks by Houthi militants after the group fired on two Saudi tankers in the Red Sea. Investors are pricing in the possibility that the Fed may need to raise rates in the future. The 10-year yield reaches its highest intraday level since January 2025. Still, according to the CME's FedWatch tool, only 35.8% of investors expect the Fed to raise rates next week.(jessica.coacci@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 09:43 ET (13:43 GMT)
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