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US stocks rise before Fed decision
U.S. stock futures rose modestly ahead of the Federal Reserve's announcement of its interest rate decision, which may signal the beginning of a new cycle of rate hikes in the coming months. Market expectations indicate a 92.7% likelihood of a 25 basis point increase, with a 41% chance of an additional hike in October. Amid a decline in the annual inflation rate to 3.4% in August and U.S. Treasury yields approaching 5%, markets anticipate the Fed will raise interest rates to support price stability, despite political pressures and rising energy costs, particularly the price of diesel, which has surpassed $6 per gallon.
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