Since inflation still significantly exceeds the FED target, and due to the crisis in the Middle East, the oil price continues to exceed 100 US dollars per barrel, it is widely believed that US monetary policymakers will raise borrowing costs for the first time since 2023.
This prospect affected global stock markets after some stock indices reached record highs in the first half of the year. There is increasing talk that the US central bank may announce another interest rate hike by the end of the year.
