September Rate Hike Odds Are Soaring
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Despite dismal economic data, traders are suddenly pricing in a considerably higher chance of a rate hike in September...
Interestingly, the market is pricing in around a 40% chance of a hike. Jeff Guindlach noted last night that if rate-hike odds remain below 40%, then September is off the table (as The Fed does not want to shock the markets)...
As a reminder, this is what is happening in the real world...
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