The wake of Hurricane Katrina seems set to keep traders on...

The wake of Hurricane Katrina seems set to keep traders on edge ... and once again a break higher seems unlikely unless we see a change of tune from the FOMC (Federal Open Market Committee) with regard to monetary policy. Friday's Michigan sentiment figure may yet hold a degree of concern. Some forecasts are putting this number as low as 82 and so long as high fuel prices are with us, action may be required to ensure that domestic expansion can be maintained as we move towards the year end.