Courtesy of Mish.
I was a bit early or CME Fedwatch a little late on rate hike odds as discussed in my previous post FOMC Median Fed Projection Still Two Hikes – Market Laughs.
The odds of a hike this year just crashed. The market even places small odds the next move will be a cut.
CME Fedwatch now has this update.
I suspect I was looking at odds before Yellen started yapping.
Mike “Mish” Shedlock
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