The Fed fund futures forward curve has been yo-yoing back and forth between interest rate cut or no at the conclusion of the September Federal Open Market Committee meeting.
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From a technical point of view, for what that's worth these days, the US dollar index moved into a long-term uptrend at the end of July, implying higher interest rates ahead.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily. The S&P 500 has also been sagging of late, also hinting at rate hikes to stem the tide of inflation caused by trade wars and tariffs.
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