World stocks inched to a three-week high and the dollar drifted lower on Thursday as markets waited to see if the Federal Reserve would raise U.S. interest rates for the first time in almost a decade, or opt to wait a little longer.
It is entirely possible that U.S. equities put a "No" exclamation point on the chance for a September FOMC policy response. Right now, the S&P 500’s are trading near a trend line that has provided support, advancing from the Aug. 24 low. A settle below that trend line would likely collect some additional bearish sentiment. The repair since that late-August date has been inconsistent and modest.