NewsWare’s Trade Talk: Friday, September 16

S&P Futures are lower and the sentiment remains bearish ahead of next week's FOMC meeting.  The Fed has indicated a 0.75% rate hike at the conclusion of the monetary policy meeting next week.  The FOMC is likely to continue to raise rates until the labor market starts to weaken. FedEx said Thursday that its quarterly revenue fell below its expectations and it was closing offices and parking aircraft to offset declining volumes of packages moving around the world. Oil is seeing a slight rebound this morning.