As oil prices surged, treasury yields took notice, raising inflation worries in the market. Traders are keeping a watchful eye on the Federal Reserve's expected decision to maintain interest rates today. Nonetheless, traders are fully anticipating a hike in September, with a solid possibility of another increase before the year's end.
As oil prices surged, treasury yields took notice, raising inflation worries in the market. Traders are keeping a watchful eye on the Federal Reserve's expected decision to maintain interest rates today. Nonetheless, traders are fully anticipating a hike in September, with a solid possibility of another increase before the year's end.
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