Perfect Storm of Dysfunctional Congress, Hawkish Fed, Elevated Oil Prices Depresses Equities and Bond Prices but Dollar Stays Well-Bid

The U.S. is careening toward a government shutdown that could tarnish its credit rating. Kashkari and Bowman are the latest Fed officials to warn of likely interest rate hikes next quarter. Although down 0.7% so far today, the high price of WTI oil, which touched $91.5 per barrel last week, remains a threat to the […]