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Escalating Middle East disruptions triggered a sharp energy spike and pushed sovereign borrowing higher worldwide. Despite in-line US CPI data, markets are now pricing a greater than 80% probability of a rate hike on Wednesday, facing the Federal Reserve with a possible lose-lose dilemma. This comes as pivotal policy decisions from the Bank of England and Bank of Japan loom, along with a heavy schedule of data releases. For details on all this and more, here are the two links to the Weekly Note on the Global Economy and Market (either works). https://t.co/d9Qau2LVXZ https://t.co/Ff6VT6SChg #eonomy #markets