“In the US, flash PMI figures for September showed activity expanding at the fastest pace in more than five years. New orders grew at the fastest pace since April 2022, while manufacturing hiring was the strongest since February 2021.”

Guardian business live · Sep 23 · Global bond sell-off deepens as Fed rate-hike odds jump to 70%

“In other words, economic activity expanded strongly while price pressures remained elevated. That's the perfect combination for fuelling further rate-hike expectations.”

Guardian business live · Sep 23 · Global bond sell-off deepens as Fed rate-hike odds jump to 70%