Shares slip, yields rise as market awaits a likely hawkish Fed

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Traders and investors avoided big bets ahead of rate decisions by the Fed on Wednesday, the Bank of England on Thursday and the Bank of Japan on Friday, in a week with policy outlooks also expected from other central banks.

Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Published by

20 Sep 2023

Global stocks eased and the 10-year Treasury's yield almost hit levels last seen in 2007 as a plunge in U.S. homebuilding last month underscored the balancing act the Federal Reserve faces in presenting its outlook on interest rates and the economy this week.

Traders and investors avoided big bets ahead of rate decisions by the Fed on Wednesday, the Bank of England on Thursday and the Bank of Japan on Friday, in a week with policy outlooks also expected from other central banks.

Oil prices rose for a fourth straight session, with futures for global benchmark Brent crude climbing past $95 a barrel, a surge that exacerbates concerns on whether rates need to go higher to quash inflation.

Futures suggest a 99% likelihood that the U.S. central bank will pause its aggressive rate hikes on Wednesday, when Fed Chairman Jerome Powell is