Rate Hike Expectations Soar as Fed Meeting Looms

The Federal Reserve meeting on September 15-16 will see updated economic projections and interest-rate dot plots published. A Reuters poll shows that 86 of 101 economists expect a 25-basis-point increase to 3.75%-4.00%.

This rate-hike expectation is significant for technology stocks and crypto assets, as it signals the potential for higher valuations and financing costs.

Saudi Arabia's East-West oil pipeline disruption due to drone attacks has kept supply risks elevated, despite diplomatic signals. The resulting higher oil prices can support some upstream producers' revenue while increasing costs for airlines, logistics, and manufacturing.