Imprints of the world economy, Week 6–12/9/2026: Oil prices surge sharply, likelihood of a Fed rate hike on day c
This week, increased attacks in the Gulf region have pushed crude oil prices soaring... The combination of surging oil prices and economic statistics shows the persistence of inflation in the United States, reinforcing the likelihood that the US Federal Reserve (Fed) will raise interest rates next week. Against a backdrop of rising inflation pressures, global government bond markets continued to sell off. Another notable shift during the week was the sharp rise in the Japanese yen, as investors strongly expect the Bank of Japan (BOJ) to raise interest rates next week and accelerate the pace of tightening thereafter.
Wall Street breaks the losing streak ahead of the Fed meeting
Despite hotter-than-expected August 2026 inflation data pushing the likelihood that the US Federal Reserve (Fed) will raise interest rates next week to nearly 90%, bargain-hunting sentiment and confidence in the central bank’s credibility in controlling prices helped Wall Street regain green. By the end of the trading session on 9/11, the Dow Jones Industrial Index surged 509.19 points (equivalent to 0.98%) to 52,573.29 points. The S&P 500 Composite rose 0.86% to 7,656.98 points, while the Nasdaq Composite gained 0.96% and closed at 26,333.04 points. Despite a strong up day at the end of the week, over the full week, all three major indexes still recorded red. The Dow Jones fell 1.6%, after a streak of four consecutive days of declines. The S&P 500 dropped 0.8% and is now about 2% below the mid-August 2026 historical high, while the Nasdaq fell 0.7% and marked its first down week after three weeks.*Market-driving factorsThe US stock market last week saw intense tug-of-war between inflation pressure and investors’ “buy-the-dip” capital flows.After the Labor Day holiday closed on Monday (9/7), Wall Street went through four consecutive days of declines from 9/8 to 9/10. The sell-off was triggered by escalating geopolitical tensions in the Middle East, which drove Brent crude prices at times above the 107 USD per barrel mark and WTI above 100 USD per barrel on 9/10—its highest level since May 2026.The pressure intensified as long-term bond yields jumped to record highs on unfavorable economic data. The US Producer Price Index (PPI) for August 2026 rose sharply to 5.4% versus 4.8% in July, mainly due to rising energy prices. At the same time, the Treasury’s plan to buy back $6 billion worth of bonds came in below market expectations, pushing the 10-year bond yield to reach its highest level since November 2023 and the 30-year yield to jump to 5.36%—the highest since 2007.However, a remarkable reversal took place on 9/11, when crude oil prices began to cool off from their peak, easing concerns about rising inflation pressure alongside economic deterioration. This development occurred right after the US Department of Labor released core Consumer Price Index (CPI) data for August, which rose 0.3% month-on-month, higher than the forecast. Even though hot inflation data increases the likelihood that the Fed will tighten monetary policy, the market reacted relatively positively.According to the CME financial services group’s FedWatch tool, the probability of the Fed raising rates by an additional 0.25 percentage points at the meeting on 9/15–9/16 surged to nearly 90%, up from 72% recorded the previous day. The stabilization of long-term bond yields in the final-weekend session suggests that investors believe that the Fed, led by Chair Kevin Warsh, will help control inflation effectively over the long term.
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Breaking: US August PPI jumps 5.4%, Bitcoin falls below $77,000!
🔥 The latest macroeconomic figures just released are creating strong pressure on financial markets in general and the cryptocurrency market in particular: US PPI index for August: Up 5.4% year-on-year, exceeding expectations of 5.1%. Interest rate pressure: This data increases bets on the likelihood that the Fed will raise interest rates as the 30-year Treasury yield hits a 19-year high. Bitcoin volatility:
ECB under inflation pressure, facing the possibility of a second interest-rate increase this year
Energy prices surge due to increased pressure from conflict in the Middle East, raising inflationary pressure and putting the ECB in a position where it may raise interest rates to 2.5% and signal readiness to further tighten monetary policy. The European Central Bank (ECB) is likely to raise interest rates for the second time in 2026 at its meeting on September 10, aiming to curb the rise in inflation driven by escalating energy prices after the conflict in the Middle East flared up again.
ZEC Returns to the Race: A Historic “Reverse Sweep” Thanks to Institutional Waves and Whale Accumulation!
The crypto market is witnessing a name that is stirring up the community: Zcash (ZEC). With impressive growth of 8.2% in just the past 24 hours, ZEC isn’t merely a fleeting technical pump—it’s opening an entirely new chapter for the era of private assets (privacy coins). A Solid Launch Backed by Organizational Funding and Legal Support The current surge of ZEC is backed by unprecedented legal and financial assurances.
In a report released recently, UBS Wealth Management expects the Fed to raise interest rates by an additional 0.25 percentage points at the September meeting and take a similar step in December. Previously, the institution only expected one rate increase in 2026. The forecast change comes as the U.S. economy continues to show resilience better than expected. The jobs report released on 9/4 showed that the number of new jobs rose sharply in August, while the unemployment rate remained at 4.1%. The labor market therefore appears to still be healthy enough for the Fed to have more room to focus on the fight against inflation
Gold price today (9/9): Plunges relentlessly as investors await the Fed’s ‘decision’
Gold prices come under pressure as the USD rebounds, bond yields rise, and the market awaits new signals from the Fed’s interest-rate meeting. Domestic gold prices On the morning of 9/9, domestic gold ingot prices were quoted by major brands such as SJC, DOJI, PNJ, Bao Tin Manh Hai, and Bao Tin Minh Chau at around 142.4-145.4 million VND/tael, down sharply by 1.2 million VND/tael compared with the end of yesterday. In the plain gold coins segment, selling prices vary across brands. Bao Tin Minh Chau quoted buy and sell prices at 143.6 million VND/tael and 147.6 million VND/tael, respectively, down by 1.3 million VND/tael in both directions.
ZEC Makes a Powerful Breakthrough to $1,186: The Grayscale ETF Boost and the “Gold Vault” Mission of the AI Era!
The crypto market heats up again as $ZEC records impressive growth of 5.6% over the past 24 hours, officially breaking the $1,186 price mark. What is backing this strong surge of the long-standing privacy coin? The focal point of this breakout comes from massive institutional inflows as Grayscale’s spot Zcash ETF (ZCSH) and the options market officially launch, attracting more than $70 million in accumulated capital. Not stopping there, the ecosystem integration expansion into Kamino on Solana and Near Intents, together with the successful Ironwood upgrade, has completely reshaped ZEC’s story into a cutting-edge “privacy-preserving store of value” for the AI era.
DOT Explodes +13.6%: A Historic Boost From a Separate Stablecoin or a Golden Opportunity to Accumulate?
The market has just witnessed the spectacular “transformation” of $DOT , surging strongly by 13.6%, officially reaching a local peak at $1.24 before holding steady in the price range around $1.20. What is stirring up the Polkadot community and turning DOT into the hottest magnet for strong capital inflows right now? The focus of this frenzy comes from the blockbuster OpenGov proposal to launch a native stablecoin, dotUSD, directly backed by DOT, together with the launch event of the Products Devnet. Ecosystem utility expands comprehensively, igniting trading volume to jump to 12.5 million USDT in the blink of an eye as net inflows pour in totalling millions of dollars.
100% Token Buyback Trading Fee: FORM Is Building an Extremely Powerful 'Capital-Attracting Machine'!
The crypto market is witnessing an impressive breakout of $FORM , with a sharp surge of 24.1% over the past 24 hours, confirming the undeniable appeal of a project with a strategic vision. The momentum behind this remarkable growth is not only driven by market sentiment, but built on an extremely solid foundation of real value. The biggest highlight is the major product breakthrough with the launch of an entirely new 'Stock' feature. This feature allows mapping traditional stock assets onto the blockchain platform, creating the perfect bridge between traditional finance and the decentralized world. With high real-world applicability directly in the CDL pre-sale, FORM has sparked a surge in trading demand, attracting smart money from whales with an impressive accumulated amount of up to 194 thousand USD, thereby igniting a strong wave of FOMO across the investor community.
The stock-meme tsunami is sweeping across BSC—who is the next spotlight?
The 24-hour volume of BSC has officially just hit the milestone of $1.327 billion, surpassing even Ethereum ($1.3 billion) and only trailing behind Solana or Robinhood Chain. It’s all thanks to a catalyst from CZ’s orientation-setting tweet: "IPOs will move onto the chain." Immediately, the meme-stock story exploded through Four.meme’s 4Stock platform, driving names like 4Stock up by 770x or BNC4 reaching a level 10 times BNC’s market capitalization in just a few short hours.
USD continues to weaken as the likelihood of a Fed rate hike is questioned; Japanese yen 'turns things around'
The USD continues to weaken on the morning of Monday (7/9) as the likelihood of a Fed rate hike is being questioned, along with the market also ‘tilting’ toward supporting the Japanese yen. However, according to industry experts, everything depends on the Fed and on upcoming producer and consumer price data, which will be key clues. A high level could prompt the European Central Bank (ECB) to raise interest rates to 2.75% on Thursday. Even more, the market is expecting this institution to implement another rate hike, to 3.0%, in December. Similarly, the market is pricing in a 75% chance that the Bank of Japan (BOJ) will increase interest rates by another 0.25 percentage points at its meeting on 18/9, with a 60% probability of another hike in December.
Fed could raise interest rates as early as September: Probability up to 57%, Wall Street holds its breath for a key data release
The likelihood that the Fed will raise interest rates at its September meeting has risen to 57% after a jobs report came in stronger than expected. However, an important inflation figure released this week may determine the next steps of US monetary policy. Investors are watching the US inflation report to be released this week. The data could determine whether the US Federal Reserve (Fed) will raise interest rates at its meeting on September 15-16.
If the Fed raises interest rates in September, what will happen to exchange rates and interest rates in Vietnam?
$Dantri) - VND may face adjustment pressure in the short term, but domestic support factors remain strong enough, while interest rates will not fluctuate too much. By the end of September 7, the central exchange rate is currently listed by the State Bank of Vietnam at 25,611 VND/USD, rising again by about 6 VND/USD compared to the previous day. The USD prices at commercial banks such as Vietcombank, BIDV, and Agribank are being traded around 25,830 VND/USD for buying and 26,210 VND/USD for selling, down about 45 VND/USD from the previous day. The USD prices at banks are continuing to trend downward since the beginning of September up to now.
Why can a U.S. president fire almost the entire cabinet but find it very difficult to touch the Fed Chair?
A typical four-year U.S. president cannot enter the White House and immediately replace the entire Fed leadership apparatus. The U.S. president is the one who nominates the chair of the Federal Reserve (Fed), but that does not mean the White House boss can order the Fed to lower interest rates, nor is it easy to fire the head of the central bank when there is disagreement over policy. Behind this is a power structure that the United States has built over more than a century with a very clear purpose: keeping monetary policy far away from politics.
Fed Governor Makes Unexpected Announcement on Interest Rates
The Governor of the U.S. Federal Reserve (Fed) said he is leaning toward keeping interest rates unchanged in September if inflation continues to cool. Fed Governor Chris Waller said recent signals indicate that the fight against inflation is making progress. If the figures in the coming weeks continue to move in the right direction, he will support keeping the federal funds rate at its current level. "I am leaning toward supporting keeping the federal funds rate at its current level," Waller said, adding that the final decision still depends on the data to be released soon.