Spike in Oil Prices Makes it Close Call for Fed Hold -- Market Talk

1043 ET - BofA analysts expect the Fed will stay on hold next week in a target range of 3.5-3.75%, but the spike in oil prices makes it a close call. "Chair Warsh faces a difficult choice," they say in a note. "Not hiking could challenge the Fed's credibility on inflation. But raising rates would go against his framework of looking through supply shocks," they say. They still expect three 25 basis point hikes in September, October and December.(jessica.coacci@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 10:43 ET (14:43 GMT)