The Federal Reserve anticipates implementing further interest rate increases before the conclusion of the year, coinciding with the upcoming midterm elections scheduled in 45 days. These monetary policy shifts occur as global energy markets face significant pressure, with crude oil prices surpassing the $100 per barrel threshold.
Simultaneously, diesel costs have reached record levels amid a widespread global fuel shortage. These developments are unfolding alongside movements in the 10-year Treasury Note yield, signaling a complex macroeconomic environment for the fourth quarter.