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

fedwatch 2016-08-13A

December 2016 Rate Hike Odds

fedwatch 2016-08-13B

Rate Hike Odds Collapsed Following

Looking Ahead

Mike “Mish” Shedlock