U.S. equity futures rose ahead of a pivotal Federal Reserve interest rate decision expected to hike rates by a quarter point with 92% odds, despite White House pressure to hold steady. Asian markets were mixed while oil prices surged following Saudi pipeline attacks, and Treasury yields spiked above 5% as inflation data showed cooling but mixed momentum.
U.S. equity futures rose ahead of a Federal Reserve rate decision expected to hike rates by a quarter point with 92% odds, though White House officials argue against the increase citing cooling inflation. Asian markets showed mixed results, while oil prices surged following Saudi pipeline attacks, and Treasury yields spiked above 5% amid economic concerns.