Wall Street Rallies as Oil Retreats, Interest Rate Bets Firm
4 Articles
4 Articles
The relief in oil prices, in the wake of the investors' profits, supported the American stock exchanges on Friday (11), which closed the session in high firm, despite the increase in the stakes of a high in interest by the Federal Reserve (Fed) next week. The firm inflation readings for the month of August, combined with the trigger in the value of the barrel of oil this week, led the operators to predict the need for a more restrictive monetary…
(Dan Tri Newspaper) - The US consumer price index rose 3.4% in August, causing investors to immediately reverse their expectations, pushing the probability of the Fed raising interest rates again next week to nearly 90%.
The Fed will increase interest rates next week. Interest rate swaps and CME Fed Watch Tool show very high chances. The post Fed interest rates will rise next week – now 90% probability appeared first on financemarktwelt.de.
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