Wednesday, July 29, 2015

"Market Odds For September Rate Hike Drop To 0%"

Something to think about amongst all the "It's coming in 6 weeks" pontificating
From Short Takes:
Market Leans Dovish After Fed Statement
The implied probability of a September rate increase from the Fed, based on 30-day Fed funds futures prices, dropped to 0% following Wednesday’s dovish policy statement from the FOMC. In recent weeks, the implied probability for a September rate increase was hovering between 17% and 21%.