The Iran War Has Put A Fed Rate Hike Back On The Table

Key Takeaways Financial markets are now pricing in a greater probability that the Fed's next move will be a rate hike rather than a cut. The Iran war has driven up energy prices, putting pressure on the Fed to stamp down inflation with higher interest rates. The Fed also has reason to go the opposite way and lower rates to boost the economy with cheaper loans and prevent the job market from collapsing. The Iran war has turned the outlook for borrowing costs on its head. For the first time in ye ...