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US interest rate hike prospects
The article discusses the possibilities of the U.S. interest rates being raised in September 2026, based on strong employment data released in August. The data showed an addition of 162,000 jobs, surpassing expectations significantly, while the unemployment rate remained steady at 4.1%. These figures led to a reassessment by the markets of the likelihood of tightening monetary policy, with a 15.5 basis point increase now priced in for the upcoming Federal Reserve meeting. Additionally, markets are awaiting August inflation data, which will largely determine the direction of future rate hikes. It is expected that inflation will rise by 0.4% month-over-month, and if the actual figure exceeds forecasts, it will further support ongoing policy tightening. Meanwhile, the European Central Bank is anticipated to hold a meeting on Thursday, with a potential 25 basis point increase to 2.50% to combat high inflation.
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