Surprise (NOT!): Fed Leaves Rates Unchanged (Prob of Dec Hike Now Over 60%)

Jon Economy, Fiscal Policies, Government, Market Commentary

Other than Fed Chair Janet Yellen urging Congress to ‘Think carefully on Fed governance,’ there were no surprises today from The FOMC (Fed Open Market Committee). That is, no change in The Fed Funds Target rate.
The implied probability of a December rate hike just rose to over 60%.

This post was published at Wall Street Examiner on September 21, 2016.