by Mike ‘Mish’ Shedlock
Just for grins, I took snapshots of the rate hike odds for September and December from CME Fedwatch this morning, then again just a bit ago, after Yellen’s speech.
Here are the results from before and after her speech compared to yesterday.
September Rate Hike Odds
[…] December Rate Hike Odds
[…] The market does not seem to be too pleased with this idea, at least at the moment.