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Today’s Lead Story
Saturday, July 25

Economy

Fed Expected to Hold Rates Tuesday, but Hike Odds Climb as Oil Tops $100

via CBS News

The Federal Reserve is widely expected to hold its benchmark rate at 3.50%–3.75% on July 29 — a fifth straight pause — but the probability of a hike later in 2026 has jumped to 38% as oil prices surpass $100 per barrel and inflation remains well above the Fed's 2% target. Bank of America now projects three additional 25-basis-point increases before year-end.

Why it matters

Tuesday's decision sets the tone for mortgage rates, credit card APRs, and savings yields for months ahead, making this week a smart time to review any large borrowing or refinancing plans.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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