We have all been waiting for the day that the Federal Reserve (FOMC) has to make the decision to raise interest rates. Until now, it has been nothing more that speculation and conjecture.
According to Bloomberg, however, the odds that rates will be going up in September is rising sharply. They see those odds jumping to 52%.
— Bloomberg Markets (@markets) August 5, 2015
CNBC reviewed the history of rate increases and shares that:
Update: Layoffs just hit a four year high according to this post from CNBC:
US layoffs hit nearly 4-year high in July: Challenger http://t.co/VavDh0kbvu
— CNBC Now (@CNBCnow) August 6, 2015
Benzinga did a great writeup on the impact of a September Fed rate hike:
Get To Know The ‘Fed Hike Handbook’ $FED http://benzinga.com/z/5770426
So that leaves us futures traders asking the question… Will rates be going up in September and, more importantly, do we care?
Share your thoughts below.