The Latest Breaking News from Isabel Schnabel

The dollar index (DXY00 ) today is up by +0.11%. The dollar shook off early losses today and moved higher to a jump in T-note yields, which strengthened the dollar’s interest rate differentials. The dollar’s near-term upside is limited amid expectations that the Fed will cut the federal funds target...

September S&P 500 E-Mini futures (ESU25) are down -0.75%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.95% this morning as Treasury yields climbed after cash trading resumed following the Labor Day holiday.

Europe is going to see higher interest rates

Pandemic, war and climate change have created rolling crises

Top officials from the world’s biggest central banks coalesced around a simple message in Jackson Hole this weekend: They are ready to follow through with higher interest rates, even if it does some damage.

The world’s top central bankers delivered a stern and unified message on the need to curb inflation, declaring at Jackson Hole, Wyoming, that it is broad based, here to stay and will require their forceful action.

Federal Reserve Chair Jerome Powell will have a chance — if he wants to take it — to reset expectations in financial markets when central bankers gather this week at their annual Jackson Hole retreat.