The Zhitong Finance App learned that on Wednesday, the minutes of the latest meeting released by the Federal Reserve showed that all 19 officials supported the September rate hike, and most participants believed that interest rates might need to be raised further before the end of the year. Although market bets on an immediate interest rate hike in October have clearly cooled down, the Federal Reserve's hawkish stance still supports the US dollar. Meanwhile, concerns raised by France's fiscal situation put pressure on the European bond market again. The euro fell sharply on Wednesday and gradually approached the 17-month low hit this Monday.
Zhitongcaijing · 3d ago
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The Zhitong Finance App learned that on Wednesday, the minutes of the latest meeting released by the Federal Reserve showed that all 19 officials supported the September rate hike, and most participants believed that interest rates might need to be raised further before the end of the year. Although market bets on an immediate interest rate hike in October have clearly cooled down, the Federal Reserve's hawkish stance still supports the US dollar. Meanwhile, concerns raised by France's fiscal situation put pressure on the European bond market again. The euro fell sharply on Wednesday and gradually approached the 17-month low hit this Monday.
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