Global stocks face turbulence before Fed decision
The global stock markets experienced declines over the week due to rising oil prices above $100 for the first time in a while, amid growing inflation concerns and increasing bond yields. Despite limited improvement in US inflation data, which showed the Consumer Price Index rising by 0.4% month-over-month and 3.4% annually, inflationary pressures remain. Core inflation continued to increase by 0.3%. US stock markets declined significantly, especially the Dow Jones, which fell by 1.6%. The European and Asian markets were hit even harder, with the Stoxx 600 index dropping 1.66% and the Nikkei 225 decreasing by 1.55%. Investors are now expecting the Federal Reserve to raise interest rates at its upcoming meeting, as inflation fears grow and energy costs remain high.
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