The Fed's dilemma: Why are global markets on edge? By Zhou Lanxu and Zhuang Qiange | chinadaily.com.cn | Updated: 2026-09-12 15:37

https://www.chinadaily.com.cn/a/202609/12/WS6aa5012ee4b06d4aa055db75.html Expectations of a Fed rate hike have intensified, pushing Treasury yields higher and sending global stocks fluctuating. Ahead of the Sept 15-16 policy meeting, Fed Chair Kevin Warsh faces challenges that go beyond interest rates. US economist David Blair warns that US stocks and housing are highly overvalued and vulnerable to sharp falls — with potential repercussions for the global economy.