Odds Are

With no economic reports out for a few days, I’ll reiterate that the two-day Federal Open Market Committee Meeting kicks off a week from tomorrow where there is currently an 80% chance of a Fed Fund Rate hike.  That’s a pretty good chance if I do say so myself.  Any disruptive national or world event could derail the Fed’s initiative, but I would wager that the likelihood of that is even less than the 20% that the market is pricing in.