Is Nov. Trump Victory More Likely Than Dec Rate Hike? – Ep. 207

The Peter Schiff Show Podcast

Today the possibility of a Fed rate hike in December rose about 10 points We're now at about an 80% probability, at least the way the markets assess the odds That the Fed will raise rates in December after failing to raise rates today If you remember, after they didn't raise rates last time there was some probability of a November rate hike But by this morning, the probability of November had pretty much been reduced to about zero With everybody believing that the Fed would raise rates in December And now, as a result of their failure to hike in November The probability apparently is now higher based on the language of their non-hike This, despite the fact that there were only 2 dissenters when the Fed didn't raise interest rates the last time they met Three members voted to hike and six voted not to hike This time it was 7 to 2 in favor of not hiking So what happened between meetings that caused the one guy who wanted to hike rates last time to decide he doesn't want to hike rates now? Is it possible that some data came out over the course of those weeks that caused him to re-assess his feelings about the strength of the economy And if so, why is that member going to flip back to "hike" in December, after just flipping to "no hike" Is it pure politics?