Fed Hikes Rates as Policymakers Signal More Increases
The Federal Reserve raised rates for the first time in more than three years, but 16 of 18 policymakers are already signaling that another increase may follow. Now the focus shifts to Treasury yields and whether the early rebound in U.S. stock futures survives when markets reopen.
Oil Jumps 5% as 10-Year Yield Hits 4.81% and Gold Falls
Oil surged as renewed fighting near the Strait of Hormuz pushed energy prices higher while the 10-year Treasury yield reached about 4.81%. Gold’s decline reveals the bigger market tension as investors weigh geopolitical risk against higher yields, a stronger dollar and the next test from U.S. labor data.
Oil Tops $90 After Hormuz Strike as Hike Odds Hit 57%
Oil moved above $90 after a U.S. strike near the Strait of Hormuz put one of the world’s most important energy routes back in focus. With September rate-hike odds now at 57%, the next question is whether higher energy prices or Friday’s jobs report has the bigger impact on Fed expectations.