FYI: After the dust settled following the market’s discombobulation in reaction to the “No” vote at the September FOMC meeting, I truly thought the interest rate discussion was off the table for quite some time. A December rate hike? Who would have thought. But having missed that window of opportunity in September, Fed Chair Janet Yellen has prepared the market for a December hike in the federal funds rate. And following Friday’s strong labor market report, futures traders have pushed the likelihood of a December hike to 70%.
Regards,
Ted
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