Market Comment | Prudence before today’s FOMC meeting

Markets remained cautious as tariff talks between China and the US are still uncertain. US inflation is in line with the Fed’s target of 2% a year, further supporting market expectations that the Fed will maintain the status quo on rate today.

Key points

• Key points:
• Sovereign bond yields inched down, especially long-term yields.
• DXY index trimmed early gains, despite stronger-than-expected US inflation.
• Oil prices fell after an unexpected increase in US crude inventories.
• European equities rose, while US stocks were mixed.

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