US rate hike chance hits 90%

Global markets are heading towards the meeting of the U.S. Federal Reserve, with the likelihood of a rate hike rising to around 90%, driven by accelerating inflation and rising energy prices. This comes amid the ten-year U.S. Treasury yield surpassing 5% for the first time since 2023. Although the final decision depends on the economic committee’s assessment during the meeting, recent data showed a 0.4% increase in the Consumer Price Index in August, with an annual inflation rate of 3.4%. This shift in expectations occurs amid division within the committee regarding the rate hike, impacting bond yields and global financial markets.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article