Finance

Following a quarter-percentage-point interest rate increase at the September FOMC meeting, market expectations have adjusted toward a tighter monetary policy path. Investors are currently pricing in three additional rate hikes through the end of 2027, including high probabilities for actions in both October and December. Hawkish commentary from central bank officials and persistent underlying inflation sticky near 3% have reinforced the view that policy calibration will remain aggressive.

International benchmark Brent crude futures rebounded by nearly 4% to trade over $103 a barrel, while West Texas Intermediate crude rose past $92. Energy markets continue to carry a substantial geopolitical risk premium stemming from ongoing tensions in the Middle East and concerns over supply routes like the Strait of Hormuz. The upward movement in energy costs has further complicated the macroeconomic picture, contributing to broader domestic inflationary pressures.

Defying its historical reputation for negative performance in September, Bitcoin advanced nearly 3% this month to move back above the $86,000 threshold. The cryptocurrency's 12% rally over a five-day stretch has put it within reach of erasing its net losses for 2026. However, analysts caution that the asset remains under pressure due to elevated exchange reserves and a broader macroeconomic environment defined by high interest rates and falling liquidity.