A week ago, odds of another Fed hike in October were 36.5%. Today: 54.5%.
In between: a 25bp hike Sep 16, the 10-year touching 5%, an S&P that moved 0.08% all week. Stocks shrugged. The cost of money did not.
Ahead: Aug core PCE Sep 30, the Fed's next rate decision Oct 28.
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