Wall Street reacts to rate bets and inflation data
Wall Street is heading into a pivotal week that will determine whether the Federal Reserve raises interest rates at its upcoming meeting, based on the anticipated inflation data. Market expectations hinge on the release of the Consumer Price Index (CPI) scheduled for September 11, with a forecast of a 0.4% rise in monthly inflation for August, potentially prompting the Fed to increase rates to curb the upward trend. At the same time, 10-year Treasury yields have climbed to nearly 4.78%, exerting additional pressure on stock valuations, with a 57% likelihood of a rate hike at the meeting. The market is also looking forward to Oracle's earnings to gauge the strength of tech company spending, while investors await inflation data and labor market activity, which will shape monetary policy directions and the pace of rate hikes or holds.
Notice: This Is an AI-Generated Summary
Comments (0)