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June 15, 2016 | Rate Hike Odds Update: December Odds Just Crashed to 24.2%, Cut Odds 4.9%

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

I was a bit early or CME Fedwatch a little late on rate hike odds as discussed in my previous post FOMC Median Fed Projection Still Two Hikes – Market Laughs.

The odds of a hike this year just crashed. The market even places small odds the next move will be a cut.

CME Fedwatch now has this update.

Fedwatch 2016-06-15A

I suspect I was looking at odds before Yellen started yapping.

Mike “Mish” Shedlock

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June 15th, 2016

Posted In: Mish Talk

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