- USDTHB: moving in the range 33.39 – 33.41 this morning, supportive level at 33.30 resistance level at 33.55
- SET Index: 1,562.73 (-1.01%), 16 Sep 2026
- S&P 500 Index: 7,551.81 (-0.45%), 16 Sep 2026
- Thai 10-year government bond yield (interpolated): 2.420 (+2.77 bps), 16 Sep 2026
- US 10-year treasury yield: 5.01 (+1.00 bps), 16 Sep 2026
- Fed delivers 25bp hike and pushes rate path higher
- US data signals resilient demand but persistent inflation pressure
- Oil pares gains on improving supply conditions
- EU seeks deeper strategic alliance with Canada
- UK inflation hits five-month high, but core pressures stay contained
- Dollar rallies as Fed signals further tightening ahead
Fed delivers 25bp hike and pushes rate path higher
The Fed unanimously raised rates by 25bp to 3.75–4.00%, as expected, citing elevated inflation alongside solid growth, strong productivity and resilient domestic demand. The dot plot turned hawkish, signaling one more 25bp hike in 2026 and rates on hold through 2027. The SEP also showed stronger growth, lower unemployment and higher inflation, reinforcing a higher-for-longer rate outlook. Fed Chair Warsh struck a hawkish tone, stressing that inflation remains too high and price stability is the Fed’s priority. He cited a stronger economy and non-restrictive financial conditions as supporting the hike, while attributing higher bond yields to stronger growth, robust capex and geopolitical risks.
US data signals resilient demand but persistent inflation pressure
US data remained firm, with August retail sales rising 1.2% M/M and control-group sales up 1.4%, both well above expectations, pointing to resilient consumer spending despite some boost from seasonal factors. Import prices also surprised higher at +0.7%, with broad-based nonfuel price pressures and a record 1.0% rise in prices from China, reinforcing inflation concerns.
Oil pares gains on improving supply conditions
Oil prices pared some of Tuesday’s gains as geopolitical risk eased and supply conditions improved. US crude inventories fell by just 0.64mn barrels, less than expected, while Saudi Arabia is reportedly preparing to restore part of its East-West pipeline capacity. Libya’s production has also normalized following temporary disruptions, while flows through the Strait of Hormuz remain substantial at around 18mn bpd.
EU seeks deeper strategic alliance with Canada
The EU has invited Canada to become its first-ever associate member, marking a significant step toward deeper economic, security, and strategic cooperation.
UK inflation hits five-month high, but core pressures stay contained
UK inflation rose to 3.1% YoY in August, up from 2.9% in July and a five-month high, matching market expectations but exceeding the BOE’s 2.8% forecast. The increase was driven mainly by higher fuel prices and airfares amid rising oil prices and renewed Middle East tensions. However, underlying inflation remained stable, with core CPI holding at 2.6% for a fourth consecutive month and services inflation unchanged at 3.4%, suggesting limited second-round inflation effects so far.
Dollar rallies as Fed signals further tightening ahead
The 10-year government bond yield (interpolated) on the previous trading day was 2.420, +2.77 bps. The benchmark government bond yield (LB365A) was 2.37, +2.00 bps. Meantime, the latest closed US 10-year bond yields was 5.01, +1.0 bps. USDTHB on the previous trading day closed around 33.26, moving in a range of 33.39 – 33.41 this morning. USDTHB could be closed between 33.30 – 33.55 today. The dollar rallied following the FOMC’s 25bp rate hike, as updated projections signaled another hike in 2026 and rates remaining at 4.125% through end-2027. Chair Warsh’s continued focus on price stability reinforced the hawkish tone. The euro fell below 1.1500 and the British pound slipped under 1.3400, while the Japanese yen rose above 156.00 ahead of the BoJ meeting, where expectations for a rate hike remain elevated.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
