This Week in Review | Fed Rate Hike, Tech Volatility & AI Risks, Bond Yields (Sept. 18, 2026)

The economy and markets can feel dizzying and ever changing. That’s where we can help. Fisher Investments’ “This Week in Review” is a weekly segment designed to highlight a few things you may have missed this week, what they could mean for financial markets and why they matter to investors like you. This week, Fisher Investments reviews: • The Fed’s interest rate decision • Tech volatility amid AI pause talks • Climbing bond yields

Below are the sources for all data cited in today’s show: 1. Source: WSJ, as of 9/16/2026. “U.S. Stocks Fall After Fed Rate Increase,” 9/16/2026. 2. Source: Macrobond, as of 9/16/2026. US and GDP-weighted developed markets excluding US government bond yield spreads (10Y – 3M), daily, 1/1/2025 – 9/15/2026. 3. Source: FactSet, as of 9/16/2026. Q1 reported earnings and Q2 estimated earnings for the MSCI World, S&P 500, MSCI Japan, MSCI European Economic and Monetary Union and MSCI UK, Q1 2026 – Q2 2026. 4. Source: WSJ, as of 9/15/2026. “U.S. Stocks Fall on Fears AI Companies, Fed Will Slam the Brakes,” 9/14/2026. 5. Source: FactSet, as of 9/11/2026. Calendar year 2026 estimated earnings growth for MSCI World and each of its sectors as of 9/10/2026. 6. Source: WSJ, as of 9/15/2026. “Global Bond Selloff Deepens as 10-Year Yields Hit Multiyear Highs,” 9/15/2026. 7. Source: Macrobond, as of 9/16/2026. US, Germany, UK, Canada and Greece 10-year government bond yields, monthly, January 1990 – August 2026. 8. Source: Macrobond, as of 9/16/2026. US and GDP-weighted developed markets excluding US government bond yield spreads (10Y – 3M), daily, 1/1/2025 – 9/15/2026.

Want to dig deeper? • More on the Fed’s first rate hike since 2023: https://www.fisherinvestments.com/en-us/insights/market-commentary/the-ineffectual-fed-hike

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