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.


