
By Stephen Culp and Niket Nishant NEW YORK, Sept 3 (Reuters) - Wall Street rallied on Thursday as investors curbed their rate hike bets after U.S.
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By Stephen Culp and Niket Nishant NEW YORK, Sept 3 (Reuters) - Wall Street rallied on Thursday as investors curbed their rate hike bets after U.S.

A Federal Reserve governor signaled that interest rates may stay where they are, helping Bitcoin recover from its slide earlier in the week.

Federal Reserve Governor Christopher Waller said he would support holding rates steady if upcoming inflation data is supportive

The Dow Jones Industrial Average, S&P 500 and Nasdaq saw gains in morning trading as the odds of a Fed rate hike plunged, geopolitical unrest continued and Nvidia kept acquiring. Here is what is driving the markets today: The Fed’s will-they-won’t-they rate hike: The odds of a Fed rate hike this month are now a coin flip, according to CME FedWatch.

The odds that the Federal Reserve will hike rates at its September meeting fell to 48% from 63% just yesterday, according to CME FedWatch. Federal Reserve Gov. Christopher Waller said he's open to holding rates steady, driving the downturn in the probability of a September hike.

Fed Chair Warsh has escaped direct criticism from the president thus far -- but the Federal Open Market Committee (FOMC) hasn't been as lucky.

U.S. futures are mostly lower and oil prices continued to climb with the violence in the Middle East ongoing. Fighting between the U.S. and Iran intensified after the U.S. hit Iranian rocket launchers Sunday on an island in the Strait of Hormuz, saying Iran was planning to use them to send mines into the waterway. S&P 500 futures fell 0.1%, and Dow Jones Industrial Average futures were little changed.
While Broadcom and Hewlett Packard Enterprise posted disappointing results, sending shares lower overnight, Dell shares surged after blockbuster results.

Stocks rose as a rally in Treasury yields stalled but equity and bond moves were muted as oil prices continued climbing due to clashes between Iran and the U.S.

The Dow Jones Industrial Average, S&P 500 and Nasdaq rose moderately today even as worries about rising bond yields and a surge in oil prices are top of traders’ minds. Here is what is driving the markets today: Bonds, treasuries and a global selloff: The bond market is dramatic again today.

The Fed chair expressed concern over stubbornly high inflation, which could be bad news for the market.
US stocks edged lower on Wednesday as rising oil prices and bond yields sent ripple effects across markets.

The head of the central bank just outlined an inflation ultimatum.

Bond yields also climbed to multiyear highs Tuesday, adding pressure on stocks as investors weigh the odds of a Fed rate hike

U.S. stocks finish higher in September less frequently than other months, according to Dow Jones Market Data. In September, the Dow industrials have finished higher only 43% of the time, using data going back to 1897.

Bond yields surged and stock markets opened lower amid growing concerns that the Fed will raise interest rates this month to combat persistent inflation.

Kevin Warsh just leveled with Wall Street about inflation.

Since Tim Cook took over as Apple's CEO in 2011, the iPhone maker's stock has soared more than 2,200%. Annualized, that gives investors a price move of about 23.5% a year, more than twice the annual gain of the Dow industrials and easily more than the S&P 500 and Nasdaq composite.

The largest cryptocurrency is on track for its best month since 2017, holding above $78,000 even as a hawkish Fed and renewed Middle East conflict drag on stocks and lift crude.

Gold price falls 5.6% from Tuesday's high, and Bitcoin retreats from $81,000 as Fed rate hike odds jump after Warsh's speech.
Traders increased bets of a Fed rate hike following Kevin Warsh's speech on Friday and a flare-up in Middle East hostilities.

Interest rate hikes became more likely after the latest inflation report, and the stock market is already expensive by historical standards.

Investors may be waiting too long to lock in profits
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