CME Fedwatch says the Fed Fund Futures show a 95% chance of a hike today. I suggest it’s over 99%. Then what?
Looking ahead here are some charts for December 2016, March 2017, June 2017, and September 2017.
December 2016 Rate Hike Odds
March 2017 Rate Hike Odds
June 2017 Rate Hike Odds
September 2017 Rate Hike Odds
After the meeting we will take a look to see how the odds changed. I doubt the Fed gets in another hike in 2017.
Mike “Mish” Shedlock