Why Fed tough talk is spooking global markets

Global markets are turning volatile as the odds of a December Fed rate cut collapse from 70% to 40%, warns Standard Chartereds Steve Englander. With weak holiday hiring, sticky inflation and hawkish FOMC signals, equities face Fed-driven risk-off sentiment. Englander says policy uncertainty—not earnings—will steer markets through year-end, raising the risk of sharper corrections.