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Benchmark 10-year Treasury yields hit their highest since 2007 at 4.371 per cent overnight and were last at 4.36 per cent. Get more Global Markets News and Business News on Zee Business.
Stocks struggled for headway on Wednesday while U.S. yields stood at or near decade highs along the curve as surging oil prices stoked inflation and set the scene for the Federal Reserve to project... -September 20, 2023 at 02:24 am EDT - MarketScreener
Futures pricing implies almost no chance of a Fed hike at 1800 GMT, but traders, who have begun winding back bets on cuts in 2024 and will be closely focused on the U.S. central bank's economic projections and chair Jerome Powell's news conference.
Surging oil prices and global inflation concerns cast shadows over Asia-Pacific market confidence
The dollar remained firm against a basket of peers ahead of a much-anticipated rate decision by the Federal Reserve later in the day.