Rate Hike Odds Soar Following Yellen’s Speech: Before And After Snapshots Vs. Yesterday

Here are the results from before and after Yellen's speech compared to yesterday.

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

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December Rate Hike Odds

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The market does not seem to be too pleased with this idea, at least at the moment.

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