Fed Rate Hike Odds Rise to 37.9% as Oil Hits $100, Treasury Yield Surges to 4.7%, Dollar Strengthens on July 24

According to BlockBeats and CME data, on July 24, three macroeconomic pressures pushed markets into turmoil: crude oil touched $100, the 10-year Treasury yield surged to 4.7%, and the dollar index climbed above 101. These moves have elevated the probability of a Federal Reserve rate hike next week to 37.9%, according to CME FedWatch data, with the probability of holding rates steady at 62.1%.

The Federal Reserve will announce its interest rate decision on July 30 (Thursday) at 2:00 AM Beijing time.