The numbers are consistent with the view that the Fed raises rates again next week.

The curve inversion is just a temporary phenomenon. It cannot last as the Fed raises rates.

These numbers give the Fed license to cut rates as much as necessary.

The market is on guard after Broaddus reminded us that the day of reckoning when the Fed raises rates is drawing nearer and the rebound in global stock markets is adding fuel to the fire,

The market is on guard after Broaddus reminded us that the day of reckoning when the Fed raises rates is drawing nearer and the rebound in global stock markets is adding fuel to the fire.

Every new Fed chair always raises interest rates at the first meeting. It's an ego thing. Beyond that, it's very hard to tell. Financial markets that trade on the rate changes are pricing in a 30 to 40 percent chance of a further increase.