Markets Still Fighting The Fed: Previewing Fed Minutes

Rates look like they're headed for a breakout, says Bob Iaccino. Equity markets have been fighting the Fed, he states, and the Fed has been kinder than the ECB in their messaging. "Jerome Powell's Fed says what they're going to do and then does it." The CME Fed Watch tool is no longer showing any expected rate cuts for October and November. Additionally, checking the Chicago Fed can show how tight financial conditions are in the U.S.