The Federal Reserve gave its strongest indication yet that it might raise rates in 2016, while OPEC reversed its two-year stance and announced that it would consider cutting crude oil production. The result was a somewhat rocky September, though global securities markets largely generated positive results. In the U.S., small caps continued to outperform, as did energy and tech sectors, while dividend oriented stocks and most bonds lagged due to investor concerns over rising rates. International equities continued to experience a strong post-Brexit rally, particularly in emerging markets which has benefitted from a recovery in corporate earnings after nearly five years of declines.
-The Federal Reserve left interest rates unchanged in its September meeting but admitted that the case for an increase in December has strengthened given a steady labor market and recent increases in wage growth and inflation

-OPEC admitted that a reduction in member production could further aid a recovery in global crude prices; the production cut could come as soon as November as member nations economies (e.g., Saudi Arabia) remain weak on account of depressed oil revenues

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