The Intelligence Layer Beyond Your Own Book

Wall Street’s rally carried into Asia as falling oil prices eased inflation concerns and supported stocks and bonds. Meanwhile, the yen weakened after the Bank of Japan raised interest rates to 1.25%.

US futures rebounded after the Federal Reserve delivered its first rate hike since 2023, with Chair Kevin Warsh’s commitment to tackling inflation reassuring investors. Markets are now pricing in a greater than 50% chance of another increase in October.

Stocks and bonds edged higher as markets priced in a more than 90% chance of the Federal Reserve’s first-rate hike since 2023. Attention now turns to Fed Chair Kevin Warsh’s guidance on the path for interest rates.