European markets steady, oil and yields slip before Fed decision
European markets steady before Fed decision, with oil and bond yields easing.
European markets steady before Fed decision, with oil and bond yields easing.
UK inflation rose to 3.1% in August, a five-month high, ahead of the Bank of England's interest rate decision.
The S&P 500 has reached a pain point with oil above $100, and a hawkish Fed could worsen losses.
Bitcoin fell below $75,500 after the Clarity Act vote failed, with the FOMC decision now in focus.
Markets expect a 25 bps Fed hike today, testing Kevin Warsh's credibility on forward guidance and independence.
The Fed is set to hike by 25 bps, with traders watching the dot plot for clues on further tightening.
European stocks opened higher on Wednesday as oil prices eased and bond yields retreated, providing a respite ahead of the Fed's rate decision.
Ten-year bond yields in the US, UK, Japan, Germany and France hit multi-decade highs as oil above $100 fuels inflation fears.
Tom Lee predicts a Fed rate hike but says it could spark a stock rally, not derail one.
Fed faces overwhelming market pressure to hike rates as inflation persists and yields surge, with a hold seen as riskier.
Raoul Pal says Bitcoin outperforms gold as a hedge against currency debasement, citing its earlier adoption stage and higher growth potential.
UK August CPI data due today, with headline seen rising to 3.1%. Core and services inflation in focus ahead of BOE decision.
Lennar's Q3 earnings, due after the close on 16 September, may show how higher rates are hitting US housing and the broader economy.
Asia-Pacific markets: Oil steady near highs, Japan data misses, crypto falls on US Senate vote.
The Fed and BOJ are poised for possible same-week rate hikes, with 89% of economists expecting a BOJ boost to 1.25%, its highest in 30 years.