The session was dominated by fixed income after the August core PCE rose less than expected, 0.2% month-over-month, with a downward revision to the previous month, bringing the probability of an October Fed rate hike below 40% according to futures estimates. The Treasury curve experienced a bearish steepener led by...

A cautious session in global markets. John Williams, president of the New York Fed, said that another rate hike could be appropriate later this year, although not urgently after the September hike, and estimated inflation at 3.5% by 2026, driven by energy and AI-related demand. The estimate of...

A risk-averse session followed Trump's rejection of Iran's latest proposal to reopen the Strait of Hormuz, prolonging the energy shock and deepening the sell-off in Treasuries. Equity indexes closed lower, with the Nasdaq falling 0.9%, the S&P 500 0.8%, and the Dow Jones 0.7%. Asia was the...

The trading session saw a strong rebound in the U.S. one day after the Fed raised rates for the first time since 2023, triggering an initial drop that was viewed today as an overreaction; a second consecutive decline in oil prices eased pressure on yields and reignited risk appetite. The stock indices...

The global market day revolved around the Fed’s decision to raise the rate by 25 basis points to a range of 3.75%–4%, the first hike since 2023, with the dot plot signaling one additional hike this year and two 25-basis-point hikes in 2027. The vote was unanimous despite pressure from Trump for lower rates; the committee raised its median rate forecast to...

The trading session was marked by a decline in equity indices ahead of the Fed’s decision on Wednesday, with the Nasdaq falling 0.8%, the S&P 500 0.4%, and the Dow Jones 0.6%, while the interest rate futures market assigns a 96% probability to a 25-basis-point rate hike. In Asia, the Nikkei remained flat, while the Kospi fell...