Street is bracing for Fed’s ‘hawkish hold’ ...Middle East

Stocks, bonds and the dollar saw small moves, with traders betting the Federal Reserve will keep interest rates steady on Wednesday while hinting at the possibility of hiking again if warranted. The S&P 500 edged higher. Treasury two-year-yields, which is more sensitive to imminent Fed moves, halted a four-day advance. The dollar retreated against most of its developed-market peers. Oil dropped, following a rally that briefly sent Brent above $95 a barrel and spurred inflation concerns. The pound underperformed as soft inflation data in the U.K. bolstered speculation on an end to the Bank of England’s string of rate increases. The Federal Open Market Commit

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Last updated : 21 September 2023 clock 05:28 PM

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Street is bracing for Fed’s ‘hawkish hold’ ...Middle East

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