Fed Chair Warsh signals higher rates; equities fall sharply

Fed May Hike Rates Again Soon After Three-Year Pause

The Federal Reserve could raise rates multiple times rather than pause after its initial hike, signaling a shift from its three-year hold. USD strength likely as markets reprice rate expectations higher; focus remains on PCE inflation at 3.7% versus the 2% target.

https://www.cnbc.com/2026/09/17/cnbc-daily-open-fed-rate-hike-oil-eu-canada.html

Dollar Index Completes Double Bottom, Eyes 100.59

The Dollar Index has confirmed a double-bottom reversal pattern following Wednesday's 25bp Fed hike, with the index now targeting 100.59. Market pricing suggests roughly 100bp of additional tightening through 2027, overshooting the Fed's own 4.1% median forecast. A weaker Dow and rising 2-year Treasury yields reinforce the bullish setup. Watch for a break above the double-bottom level to confirm the uptrend.

https://www.actionforex.com/action-insight/market-overview/654398-dollar-index-completes-double-bottom-targets-100-59-as-markets-look-beyond-feds-4-1-2027-median/