The Probability of a July Fed Rate Hike Has Tripled Over the Last Week -- Here's Why

Throughout history, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) have demonstrated a knack for climbing the proverbial wall of worry. Thus far, geopolitical concerns stemming from the Iran war haven't stopped Wall Street's major stock indexes from reaching new highs.

However, inflation isn't a concern that's easily swept under the rug -- just ask the policymakers at the Federal Reserve.

A tough decision on interest rates awaits Fed Chair Kevin Warsh and the FOMC next week. Image source: Official Federal Reserve Photo.Continue reading