Investors should be aware that geopolitical risks including the Middle East turmoil and Red Sea volatility could weigh on sentiment

The Fed remains cautious on interest rate cuts as the data docket continues to mature and strengthen

Expectations of a 75-basis point cut could be premature as global economic uncertainty remains

Inflation continues to slow in the US, employment remains robust and economic growth shows even expansion

The US Federal Reserve is not expected to raise interest rates at its last meeting of the year in December

The escalation in the Middle East and rising bond yields are weighing on higher-yielding asset classes

Stock markets have recovered but inflows into gold and the US dollar increased as investors sought safe-haven assets

Elevated US yields will boost the greenback's strength and exert pressure on other asset classes

Stronger-than-expected data prints have shifted expectations that the Fed could introduce another rate increase this year

Softening inflation and the labour market will continue to pile pressure on the greenback

A hot labour market and persistent price rises could lead to a hawkish approach to future rate hikes

The increase in the terminal rate forecast suggests there will be two more 25 basis point hikes this year

Stock markets will be driven by economic data from the world's biggest economy and Federal Reserve expectations

Stocks and higher yielding currencies could fall against the greenback

The central bank is expected to raise rates by another 0.25%