US Economics: The Daily Update - Oil higher, rates higher-20260724
Vi e w p o i n t | 24 Jul 2026 07:00:00 ET │ 10 pages US Economics The Daily Update - Oil higher, rates higher CITI'S TAKE Interest rates have continued to rise along with oil prices, and a full 25bp rate hike has been priced back in for September. Next week's FOMC meeting is shaping up as a true test of whether Chair Warsh sticks to his "no forward guidance" plan. In our base case, two Fed officials will vote for hikes but Chair Warsh will decline to comment on the potential for a hike in September. A lack ...