Odds of a Wednesday Federal Reserve rate hike had climbed toward one in three by late last week, up from roughly 18% on July 2, as officials cited energy-driven inflation risk tied to the Middle East conflict. Monday's oil price collapse removed the newest piece of evidence behind that hawkish case less than 48 hours before the Fed's decision. The Bank of Canada releases its own summary of deliberations from its July 15 decision, a sixth consecutive hold, the same Wednesday.
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