Apparently Fed discussions are leaning towards no emergency cut....

[Eagle]

Concerns about weakening the dollar further, and increasing pressure on various carry trades internationally (Japan/Yen is not the only one.) The weakening dollar increases the const for the borrow side in non-dollar denominated loans. Would force trilliions more to have negative carry.

Also serious concerns about inflation...

So higher for longer.... ? At least for today.

There's a ton of uncertainty out there. Uncertainty = Risk.