Global markets will face multiple risk events this week, including the Federal Reserve’s interest rate decision, a flurry of earnings reports from tech giants such as Microsoft, Meta, Apple, and Amazon, and Brent crude oil prices briefly breaking through $100 per barrel. Analysts note that these factors, combined with high global bond yields and two consecutive weeks of stock market declines, could lead to a significant increase in market volatility.The swap market has fully priced in expectations of a Fed rate hike in September and implies the possibility of another rate hike before the end of the year.