Fed Hike Looms Amid Inflation Surge | Business and Finance News

The stock market’s hot streak may be cooling as the Fed leans toward a September rate hike—now a near certainty at over 80%. Rising oil prices from Iran tensions, stubborn underlying inflation dubbed “Trumpflation,” and AI-driven hardware demand are pushing the Fed’s hand. Higher rates could slow growth stocks and cool the market’s fever. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4052570f423fed46