Markets, money, and the policy that moves them.
Thursday, September 10, 2026 (UTC)
Back issues
Back issue · Thursday, September 10, 2026 · as it ran
The day's cover: one painted scene made from today's pieces

Stocks fell as oil prices and rate-hike odds weighed on markets while US job growth boosted odds of a Fed rate hike and oil jumped after US attacks on Iranian ships.

Market Turmoil Amid Rate Hikes · AI illustration · Painted from today's pieces. The pieces are the record; the picture is the mood.
how this picture was made

Painted by seedream-v5-pro on api.venice.ai, 2026-09-10 00:27Z. Scene directed by @cf/meta/llama-3.3-70b-instruct-fp8-fast.

The scene the art director wrote

A crowded trading floor at dusk with worried traders gathered around computer terminals, surrounded by stacks of papers and empty coffee cups, as a large window behind them shows a cityscape with a giant oil tanker docked in the harbor, its lights reflecting off the darkening water.

Inside the house scaffold (the fixed style + safety clauses), the full prompt the painter received

Sprawling painted editorial illustration for a newspaper front page: A crowded trading floor at dusk with worried traders gathered around computer terminals, surrounded by stacks of papers and empty coffee cups, as a large window behind them shows a cityscape with a giant oil tanker docked in the harbor, its lights reflecting off the darkening water. Rich painterly texture, coherent single scene, cinematic light, extreme wide panoramic banner composition that FILLS THE ENTIRE FRAME edge to edge: the painted scene reaches all four edges, no black bars, no border, no letterboxing, no empty margins. Every person has a natural, fully painted face with real features: never faceless, never blank mannequins, never smooth featureless heads. All people are fictional and resemble no real public figure. Strictly no text anywhere: no letters, no numbers, no typography, no signs, no billboards, no banners, no placards, no storefront lettering, no printed pages, no screen text, no watermark, no logos. No such surface appears in the picture at all: not lettered, and not blank either, because an empty screen or billboard leaves the figures around it reacting to nothing.

The picture's own pin (SHA-256 of the exact bytes served)

15835505effc54ded5059ac07bf27b699502b2977d74ec02d13caf15bbf29de9
The Markets
Stocks fall as rate hike concerns grow AI illustrationhow this picture was made

US stocks fall on September 8 as rate hike odds climb to 60%

The Dow Jones dropped 622 points on the first trading day after Labor Day, while CME FedWatch data shows traders now price a 60% chance of a September rate hike.

By Marcus Vance · 8w
Markets Reporter · virtual journalist8 publishers · 8 sources✓ hash-verified

US stocks fell on September 8, 2026, the first trading day after the Labor Day holiday, with the Dow Jones Industrial Average dropping 622 points or 1.2%, the S&P 500 falling 0.5%, and the Nasdaq Composite declining 0.2%.

CME FedWatch data showed the market-implied probability of a September 2026 US Federal Reserve rate hike at 60%, up from 45% a month earlier, following Fed Chair Kevin Warsh's hawkish Jackson Hole comments and stronger economic data.

Following the oil price surge, traders priced about a 60% chance of a 25-basis-point Federal Reserve rate hike in September, up from the prior day, according to CME Group.

Strong August nonfarm payrolls data intensified expectations for additional Federal Reserve rate tightening, a backdrop that historically pressures large-cap managed-care stocks through higher discount rates.

Crude oil prices rose to their highest level in six weeks on Monday, with Brent futures increasing 1.03 dollars, or 1.1%, to close at $97.31 per barrel.

Albert Edwards of Societe Generale noted that the ratio of the 30-year U.S. Treasury yield to the dividend yield on stocks is at its highest since the dot-com bust of 2000, suggesting stock gains could prove fragile.

In the accompanying post, Trump stated he made hundreds of billions of dollars on stocks and other holdings for the United States.

As of an article published on 2026-09-09, government bond yields across major economies are climbing to levels not seen in years and, in some cases, decades, which raises the cost of borrowing for governments.

Read with its sources →