Energy prices are rising as the war in Iran continues, increasing inflation risks and making it more likely the Fed holds interest rates steady through 2026.

Energy prices are rising as the war in Iran continues, increasing inflation risks and making it more likely the Fed holds interest rates steady through 2026.

Odds of a rate hike surged as the Middle East conflict boosted oil prices.

The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.