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We are not responsible for HKT's privacy or other data-related practices. Dow Set to Open Up on Iran Hope, AI Rally, and Falling Oil Prices The dollar rose as it continued to receive support from expectations for further interest rate rises by the Federal Reserve. The Fed voted unanimously to raise rates by 25 bps last week and officials penciled in at least one more increase by year-end.
"Although further U.S. rate hikes had already been largely priced in and longer-term inflation expectations had remained stable near the Fed's inflation target, there apparently remained some doubt as to whether the central bank would actually be willing to raise rates sufficiently quickly and decisively," Commerzbank's Thu Lan Nguyen said in a note. Options expiration day brings seasonal volatility to a market already spooked by $100 crude. Stocks Bend, but Don’t Break, in Head-Spinning September.
The S&P 500 is having a typically rough September. What happens next is tough to gauge.
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