Markets back open today. It appears that there are a lot of nervous traders on Wall Street and to a lesser degree in Chicago. Federal Reserve Board’s September meeting opens a week from today. Latest CME FedWatch tool gives traders reason to be nervous in our view. Current FedWatch tool shows a 38% chance there’ll be no change in rates, …
Federal Reserve Board Concludes Meeting
The Federal Reserve Board concludes its two-day July meeting today with an announcement on interest rates early afternoon. A week ago today, the CME FedWatch tool showed an 80 percent chance the Fed would leave interest rates unchanged. We know what’s happened to crude oil in the past seven days, one of several factors the Board considers when looking at …


