Summary

• Did you feel the 'Whoosh' on Wednesday?
• Take a look at the MoneyShow Chart of the Day, which shows how expectations for either a 25-basis point rate hike – or equivalent cut – at the September Fed meeting have changed over the last three months.
• Hike odds have climbed despite the easing of Middle East tensions.

By Mike Larson

Did you feel the “Whoosh” on Wednesday? That was stocks tanking after new Federal Reserve Chair Kevin Warsh’s first policy meeting. Hawkish talk and hawkish forecasts caused the odds of an interest rate hike to spike!