The Latest Breaking News from Mary Daly

Slower growth prospects, and hints of a Fed 'pivot' on interest rate hikes, has bond yields moving sharply lower and stocks ending higher Monday.

Stocks futures slip, dollar steadies after China market slump; Week Ahead: big tech earnings, GDP, inflation data in focus; Fed begins 'pivot' messaging; traders pare bets on big rate hikes; Boris Johnson exits race for UK Prime Minister, pound jumps and Tesla shares slide after surprise China EV price cut.

Federal Reserve officials are preparing to roll out another supersized interest-rate increase in early November, when they will also likely debate tactics for completing the most aggressive tightening cycle in four decades.

The woman next to me, who described herself as knowing "zero" about the economy, asked whether I thought the Federal Reserve would continue raising interest rates. I felt an acute sense of dread.