The market faces multiple risk events this week: the Fed’s decision, earnings reports from tech giants, and oil price volatility, all at the same time.

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.