The broader market remains sensitive to inflationary pressures exacerbated by geopolitical instability. Sharp spikes in the probability of a rate hike surfaced earlier this year, driven primarily by the closure of the Strait of Hormuz and the subsequent economic fallout from the conflict in Iran. As the Fed prepares its latest statement, the focus remains on whether policymakers will adjust their outlook to account for these persistent global supply risks.
Utilities Climb as Treasury Yields Retreat Ahead of Fed Meeting
Anticipation of the Federal Reserve’s upcoming policy announcement has sent utility stocks higher, as Treasury yields continue their steady decline. Investors are bracing for potential shifts in the central bank’s rate guidance, even as markets widely expect officials to keep borrowing costs unchanged during this session.
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