Courtesy of Mish.
I frequently check CME Fedwatch for a look at market expectations of rate hikes.
When expectations rise, I typically laugh.
Given all the analysis on stunning job growth, inventory builds, Fed pontifications, and other drivel, interest rates ought to be at least 1% by now.
But here we are. Rate hike expectations are sinking fast … again.
This evening, just for grins, I decided to check what market participants thought of rates hikes.
September 2016
The much touted “September rate hike on the table” message is now dead on arrival.
OK, but when?



