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Markets Anticipate Fed Rate Increase in September
The U.S. markets anticipate that the Federal Reserve will raise interest rates in September by a quarter of a percentage point, due to rising oil prices and the Federal Reserve's strict stance. The new Fed chair's statement led to increased bond yields, while Brent crude prices stabilized after surpassing $80 per barrel, amid reports of an agreement between Israel and Hezbollah to cease fire, which eased inflation concerns and contributed to calming the oil market.
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