September Fed Rate Hike Odds Shift Dramatically Back Towards a Hike
It's been a complete round trip in the last month.
Source: Mish Talk
―
DW NOTE
The Fed held at 3.65% in July with headline CPI at 3.53% and PPI at 5.51%. Now markets are pricing in a September hike. That's not a round trip — that's the sound of credibility draining away in real time.