Market analysts expect the US Federal Reserve to hike rates by 75 to 100 basis points at its July meeting to curb US inflation, which rose to 9.1% in June.
Meanwhile, the Thai Investor Confidence Index (ICI), which anticipates market conditions for the next three months, was down 23.1% from the preceding month to 64.6 in June, causing the index to enter bearish territory for the first time in 10 months.
The decline in confidence is primarily attributed to growing concerns over the impact of interest rate hikes.
