Fed to Decide on Interest Rates Amid Rising Oil and Treasury Yields on September 17

The U.S. Federal Reserve (Fed) will decide on its benchmark interest rate on September 17 (KST), following the Federal Open Market Committee (FOMC) meeting.

With oil prices rising due to renewed Middle East geopolitical tensions and Treasury yields climbing amid inflationary pressures, the Fed's decision comes at a critical time. The Chicago Mercantile Exchange (CME) FedWatch shows markets expect a 93.6% probability of a rate hike.

Experts are focusing on whether this potential rate increase will be one-time or mark the start of sustained tightening. Markets are also closely watching Chair Jerome Powell's post-decision press conference for further insights.