No 'Guarantee' But Yellen May Have Just Set a Trap for the Bears

No 'Guarantee' But Yellen May Have Just Set a Trap for the Bears

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With a nearly 85% probability of a rate hike on Wednesday, no one paying attention to the Fed Funds market was surprised by the Federal Open Market Committee's (FOMC) decision to raise rates. And as you probably already know, that quarter-point hike had little if anything to do with Wednesday's…

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