{
  "id": 1194992,
  "title": "Oil prices rally, US data dents chances of Fed rate hike",
  "url": "https://urgent.news/2026/08/14/oil-prices-rally-us-data-dents-chances-of-fed-rate-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T21:12:15.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/news/asian-stocks-set-weekly-gain-023234921.html"
  },
  "original_language": "en",
  "account": "U.S. and European shares declined on Friday as markets observed tense U.S.-Iran negotiations and considered new data that undermined hopes for a Federal Reserve interest rate increase next month. The possibility of a naval blockade against Iran by the United States heightened tensions in oil and gas markets, prompting a surge in prices. Simultaneously, U.S. consumer sentiment declined in early August due to the escalating Middle East conflict, which contributed to a weaker dollar and higher gold prices. The Federal Reserve's rate hike expectations further diminished following a surprise drop in U.S. retail sales, causing the S&P 500 to retreat from its record highs and end the session at 7,785.76 points. Major chip manufacturers such as Applied Materials, Broadcom, and Intel also witnessed a drop in share prices. Overall, the Nasdaq suffered a 0.28% decline, reaching 26,729.16 points, while the Dow Jones Industrial Average experienced a 0.20% decrease, closing at 53,732.41 points.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Greenback steadies after benign US inflation curbs Fed rate hike bets",
        "url": "https://urgent.news/2026/08/13/greenback-steadies-after-benign-us-inflation-curbs-fed-rate-hike-bets",
        "published": "2026-08-13T12:14:39.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "\"Still an open question\": Fed’s Barkin keeps possibility of rate hike alive",
        "url": "https://urgent.news/2026/08/13/still-an-open-question-feds-barkin-keeps-possibility-of-rate-hike",
        "published": "2026-08-13T13:11:07.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Cleveland Fed president is urging an immediate rate hike to rein in inflation",
        "url": "https://urgent.news/2026/08/14/cleveland-fed-president-is-urging-an-immediate-rate-hike-to-rein-in",
        "published": "2026-08-14T11:40:23.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Oil prices rally, US data dents chances of Fed rate hike",
        "url": "https://urgent.news/2026/08/15/oil-prices-rally-us-data-dents-chances-of-fed-rate-hike",
        "published": "2026-08-15T01:10:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}