#fedsepthikeoddsjumptoabout82% Markets are now pricing in an 82% chance that the Federal Reserve will raise interest rates this September.
The sudden jump comes as crude oil prices surged past $100 a barrel and average gas prices topped $4 a gallon, fueling fresh worries about inflation. Combined with surprisingly strong job market data, investors are preparing for higher borrowing costs as the central bank attempts to keep rising prices under control.

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