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Fed's Hawkish Hold Sparks Dow Selloff, Dollar Surge Ahead of September Hike

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The Story

News Summary

  • Fed held rates steady in July but signaled hawkish tilt with three dissents favoring hikes.
  • Markets sold off sharply (Dow -1,153 pts) on fears of September rate hike amid Middle East-driven inflation concerns.
  • Traders now price 68% odds of a hike at the September FOMC meeting.
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BRENT price history

105.73 +62.86% over the displayed period

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