NewsWare’s Trade Talk: Thursday, September 21

S&P Futures are trending lower this morning as the Fed's indicates that interest rates will remain elevated for longer. Dot Plot data sees only 2 rate cuts next year. FDX released better than expected earnings last night. An announcement is expected this morning that the writes strike is over. UAW & the Auto makers are nowhere closer to a deal and additional stike action is expected on Friday. Speaker McCarthy indicated that progress is being made on the defense-appropriations bill. Ukraine funding is becoming an issue. European stocks are lower this morning ahead of the Bank of England's interest rate decision. Oil futures are falling this morning as the Fed indicates slower growth ahead.