Another rise in oil prices has dragged down the stock market and the bond market. Rising energy costs continue to put pressure on prices. The latest inflation data has further strengthened the market's bet that the Federal Reserve will raise interest rates soon. At 9:31 New York time, the S&P 500 index fell 0.6%, the Nasdaq 100 index fell 1.1%, and the Dow fell 0.5%. If the S&P 500 index closes lower today, it will be the longest continuous decline in the stock index since June. According to data released by the US Bureau of Labor Statistics on Thursday, the producer price index rose 0.4% month-on-month and 5.4% year-on-year in August. Excluding food and energy, core PPI rose 0.2% month-on-month and 4.6% year-on-year. After the above data is released, the market will now focus on Friday's consumer price index. The month-on-month increase in CPI in August is expected to be faster than the previous month, partly due to rising gasoline prices; excluding volatile energy and food, the core CPI increase is expected to be relatively moderate. Some Federal Reserve officials have said that the interest rate decision at the September 15-16 meeting may depend on the inflation data released this week. Furthermore, the ECB announced interest rate hikes. Joe Brusuelas, chief economist at RSM US LLP, said, “The heat in the US PPI data, and Christine Lagarde's statement sounded hawkish, both reflect the reality that global central banks may soon enter a new cycle of interest rate hikes. This is a negative factor for risky assets today and even in the short term.” The VIX Index rose about 1 point to close to 18, the highest level in more than a month.

Another rise in oil prices has dragged down the stock market and the bond market. Rising energy costs continue to put pressure on prices. The latest inflation data has further strengthened the market's bet that the Federal Reserve will raise interest rates soon. At 9:31 New York time, the S&P 500 index fell 0.6%, the Nasdaq 100 index fell 1.1%, and the Dow fell 0.5%. If the S&P 500 index closes lower today, it will be the longest continuous decline in the stock index since June. According to data released by the US Bureau of Labor Statistics on Thursday, the producer price index rose 0.4% month-on-month and 5.4% year-on-year in August. Excluding food and energy, core PPI rose 0.2% month-on-month and 4.6% year-on-year. After the above data is released, the market will now focus on Friday's consumer price index. The month-on-month increase in CPI in August is expected to be faster than the previous month, partly due to rising gasoline prices; excluding volatile energy and food, the core CPI increase is expected to be relatively moderate. Some Federal Reserve officials have said that the interest rate decision at the September 15-16 meeting may depend on the inflation data released this week. Furthermore, the ECB announced interest rate hikes. Joe Brusuelas, chief economist at RSM US LLP, said, “The heat in the US PPI data, and Christine Lagarde's statement sounded hawkish, both reflect the reality that global central banks may soon enter a new cycle of interest rate hikes. This is a negative factor for risky assets today and even in the short term.” The VIX Index rose about 1 point to close to 18, the highest level in more than a month.