Better US employment data keeps the Federal Reserve on track for a 75 basis point hike in early November and a 50 basis point hike in December. That would raise the Fed’s target rate to .5 percent. The question is what is the final fee and when? The final rate on the Fed’s dot chart was .6% in 2023, representing just one 25 basis point increase in 2023. The Fed sees a range of .50% to .75% as restrictive. Is it restrictive enough? PS There is a 92% chance of a 75 basis point increase at the November meeting. US CPI and PPI data will be released next week. Market overview after the first trading minutes: Dow -3 1 points or -1.12% at 29595.33 SandP down -51.59 points or -1.8 % 3692.9 Nasdaq down -20 -3.8 -2% i -3.8%. Russell 2000 down -21.32 points or -1.22% at 1731.18 A look at other markets currently shows: 2-year return .30%, 5.0 points 5-year return .13%, 7.2 percentage points , 6 percent , 6 . bps (high yield hit .01% in 2022) 30-year yield 3.858%, 6.6 bps other markets: spot gold down about $10 to $1,701.95 as it reacts to stronger dollar / $ 01.95 or silver trend down $ / $ 0 .51 or $1,701.95. % at $20.32 Crude oil up $1.52 at $89.92 Bitcoin is below $20,000 at $19,588. the weakest The US dollar was mixed after falling ahead of the report.