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Economy

Markets Now See Nearly 50-50 Odds the Fed Raises Rates at Its July 29 Meeting

via Federal Reserve

The Federal Reserve holds its next policy meeting July 28–29, and market-based odds of a 25-basis-point rate increase have climbed to roughly 46%. The central bank has held its benchmark rate steady at 3.5%–3.75% for four consecutive meetings, but inflation running well above the 2% target is keeping a potential hike firmly on the table.