Barring some amazingly good news between now and the Fed meeting on September 21, a September rate hike is dead. Things don’t look all that great for December either, at least according to the futures.
September 2016 Rate Hike Odds
December 2016 Rate Hike Odds
Rate Hike Odds Collapsed Following
- Real Wages Revised to -0.4% from +2.2% on August 9: Pocketbook Theory – Mish vs. Wall Street Journal
- Retail Sales on August 12: Retail Sales “Solidly” Flat
- PPI Dives Into Negative Territory on August 12: Huge 6% Collapse in PPI Services Final Demand for Apparel, Jewelry, Footwear
Looking Ahead
Mike “Mish” Shedlock
