Hawkish Fed expectations rock the market

Podcast: 🇬🇧 Stay ahead of the markets with Swissquote · Swissquote, Ipek Ozkardeskaya, Feyyaz Alingan

Opublikowano: 2026-09-24

Strong economic data came as bad news for markets. Surprisingly strong PMI figures from the US and Europe highlighted resilient growth, new orders and hiring, while persistent price pressures strengthened the case for further monetary tightening. US Treasury yields jumped across the curve, the dollar strengthened and technology stocks came under pressure as investors reassessed the Fed outlook. In FX, EURUSD is approaching a critical technical support, while USDJPY remains caught between widening yield differentials and the threat of Japanese intervention. Meanwhile, lower oil and diesel futures offer some relief, although energy costs remain elevated. Gold and Bitcoin are also...