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.

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