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Expectations For Fed Rate Hikes Dropped After The Latest Inflation Red. They Are Spiking Again Over The War
Markets now see an 82% chance of a September increase as Brent crude hits $100 and U.S. jobless claims fall to 187,000.
- On Thursday, market expectations for a September Federal Reserve rate hike surged as global crude benchmark Brent hit $100 a barrel, with Fed funds futures pricing in roughly 82% likelihood of borrowing costs increasing.
- Initial jobless claims dropped to 187,000 in the week ended July 18, the Labor Department reported, while gasoline prices reached $4 per gallon this week, fueling inflation concerns as energy costs climb.
- Stock markets declined sharply midday Thursday, with the Dow Jones Industrial Average tumbling more than 600 points and the Nasdaq Composite shedding nearly 3% amid rising Treasury yields and rate expectations.
- Investment strategist Ross Mayfield at Baird described September as a "live" meeting for the Fed, offering "a readthrough on what the Fed might do next" ahead of the Federal Open Market Committee gathering on July 29th.
- Despite current market speculation, FactSet consensus forecasts indicate the Federal Reserve will not hike rates this year, though economists anticipate the central bank may lower borrowing costs by half a percentage point in 2027.
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ussanews.comFutures Slide After Google Earnings, Oil & Bond Yields Jump On Houthi Escalation
Futures Slide After Google Earnings, Oil & Bond Yields Jump On Houthi Escalation US equity futures are lower as WTI breaches $90/bbl and Brent approaches $100/bbl (Houthi escalation in the Red Sea as two Saudi tankers were struck), pushing bond yields higher with longer-dated yields seen making new highs, globally. But, Alphabet’s underwhelming results – while dragging down Mag7 names – are boosting Semis / AI (CapEx spend) which may mean the m…
Coverage Details
Total News Sources15
Leaning Left1Leaning Right5Center3Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
11%
C 33%
R 56%
Factuality
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