Fed Rate Hike Odds Jump to 60% — Why Markets Are Worried

The chances of the US Federal Reserve raising interest rates in September have jumped to nearly 60%, up sharply from around 41% a week ago. 

The shift came after Fed Chair Kevin Warsh gave a more hawkish message, warning that the Fed may need to act if inflation doesn’t move back towards its 2% target.

Why does it matter? 👇

💵 Dollar could strengthen

📉 Global equities may face pressure

🇮🇳 Rupee & Indian markets could feel the impact

🛢️ Higher oil prices are adding to inflation worries

The big trigger now is the US jobs data due this week. Strong data could further increase expectations of a rate hike. 

So, September could be a very important month for global markets. 👀