Welcome to Thoughts in the Market.

I'm Andrew Sheets, Chief Cross-Asset Stragist from Oregon Stanley.

Along with my colleagues bringing you a variety of perspectives, I'll be talking about trends

across the global investment landscape and how we put those ideas together.

It's Thursday, September 2nd, at 5 p.m. in London.

As summer transitions to fall, investors will return to a host of important market events

over September and October.

Here are a few of the things that we think will be important for markets over the next

two months.

The first event, we hope, is a positive.

My colleague Matthew Harrison and her biotechnology team think the US delta cases are in the process

of peaking in the US, and that could provide some boost to sentiment, which has recently

fallen significantly among the consumer sector.

But the bigger event comes later.

That's the Fed, which meets on September 22nd and will release an updated summary of

economic projections, or SEP.

It's key about these projections are the so-called dots, which reflect when the Fed reserve

estimates where it thinks interest rate policy might be over the coming years.

We think the Fed might indicate a faster pace of rate hikes once they start than the markets

expected.

One reason why Morgan Stanley's interest rate strategies think that interest rates will

rise between now and the end of the year.

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