We’re keeping an eye on Wall Street and interest rates as we move through early October. Odds of a Fed hike have eased since this time a week ago. CME FedWatch now shows 35% chance of another quarter point hike when the Fed meets next month.
That’s down from nearly 50% this time last week. Traders, though, are still expecting a hike in December. And they say 75% chance now another hike, maybe two, during 2027.
All this said, third quarter performance showed the S&P 500 gained 2% during the quarter. NASDAQ gained 2.5%. The Dow underperformed July, August, and September, losing 2.7%. This is the bottom-line report. We’ll begin to get quarterly earnings reports now.
Banks and financial institutions lead the way. Agricultural companies will come much later.
Audio Reporting by Mark Oppold for Southeast AgNet.