Fed likely to maintain high rates
Markets are waiting this week for important U.S. economic data to determine whether the Federal Reserve will continue to raise interest rates or keep them high for a longer period. There are concerns about rising inflation due to increases in oil prices and geopolitical tensions in the Middle East. The U.S. central bank is likely to either hold steady or raise interest rates further, with a 72.5% probability of rate hikes in October, driven by ongoing inflation pressures and high costs.
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