Bond Market Rally With A Data Dependent Fed
b'There is a major rally in the bond market. "This is likely due to the GDP weakness, so the Federal Reserve has a backdrop to stand back on interest rate hikes. This is reflected in the CME Watch Tool. The 75BPS rate hike is priced into the stock market today unless something drastic happens. 50BPS interest rate hike in December is favored. The Federal Reserve is going through a quiet period and the markets are taking over with the thought that they will be data dependent," says Bob Iaccino.'