Following the massive ADP employment beat (but productivity disappointment), March rate hike odds finally upticked to certainty. Fed Funds futures now imply a 100% chance that The Fed hikes next week.
Up from low 20s to 100% in a month...
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What did The Fed see that suddenly spooked them all?
Which reminds us of the WTF-est chart we know of right now - as The Fed's forecast for GDP collapses, so the odds of a rate hike soar (FF Futs tumble)...
(Click on image to enlarge)
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