Trading Day: Can't get no relief
On Thursday, U.S. bond yields surged and Wall Street hit a two-week low after the Treasury announced an unexpected bond buyback. Oil prices also climbed, along with a sales miss from retail giant Walmart. In today's article, the author argues that the Federal Reserve's minutes from their last meeting indicate a September rate hike is still possible.
Recent energy price shifts, particularly in diesel, may have inflated the 35% probability that markets currently assign to a rate hike next month. For those interested in understanding today's market movements better, the author provides several articles to read.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Trading Day: Can't get no relief channelnewsasia.com
