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Inflation and oil push for U.S. rate hike
The article focused on expectations and implications of the upcoming US Federal Reserve meeting scheduled for September 15-16, 2026, amidst rising inflation and oil prices. Data showed that the Consumer Price Index increased by 3.4% in August, with core inflation also rising, which heightened the likelihood of a rate hike for the first time since 2023, reaching up to 90%. As a result, the target interest rate was raised from 3.50% to 3.75%. The scene is dominated by the repercussions of oil prices exceeding $100 per barrel and their impact on inflation, along with the approaching 5% yield on Treasury bonds, which raises borrowing costs and puts additional pressure on markets. The upcoming decision tests the independence of the Federal Reserve in the face of political pressures and determines how firmly it will stand against inflation despite market volatility.
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