This erases the jump from the previous month and is the 32nd straight month that the index remains below its 50-year average of 98. Looking at the details, the most notable is a jump in the uncertainty index to 92 – up 2 points from July. That’s the highest reading since October 2020. It is perhaps a signal of volatility anticipation, especially with markets playing push and pull on Fed rate pricing and the elections coming up.

This article was written by Justin Low at www.forexlive.com.