Market Lab Report - Premarket Pulse 10/5/15
CME FedWatch puts the odds of a rate hike when the Fed next meets on October 28 at just 7%. December 16 is not much better at 29%. Thus, it is probably safe to say that the Fed will not be hiking rates this year, despite what Chairperson Yellon said earlier. We must remember the Fed is tied to the government so anything they say is designed to soothe markets or talk them higher.
Futures are up on improving commodity prices. European markets are higher by more than 2%.
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