Markets Rise as Chances of a December Fed Hike Decreases

If you only read Bloomberg or Reuters, or listened to the fuckheads on CNBC, you’d think it was all but a foregone conclusion for a Fed rate hike in December. After all, the economy is doing so well (please vote for HRC now).

But the futures markets are singing a different tune. The chances of a Fed hike for December have dropped from 71% to 68% since yesterday.

Fed’s Lockhart, a completely meaningless human being, said the ‘bar is high’ for rates NOT to head higher in December.

“The momentum in employment is important. It is a good indicator for the overall momentum of the economy,” said Lockhart, who is not a voting member of the Fed’s policy setting committee this year. “For me there is a relatively high bar, at least in pure economic terms, to not moving in December.”

He’s a fucking liar and also a thief.

I know it’s good press for Hillary to show headlines of a strong economy, strong enough to hike rates. But that’s utter horseshit. Today, the dollar is down and gold is up, and the CME is only showing a 68% chance of a hike — so fuck off.

The Fed has never hikes rates without the betting odds already at 100%.