Fed rake hike today?

[cawacko]

Futures market showing 100% chance it will happen. Anyone think otherwise?

 

[tsuke]

100% im just hoping its 0.25 and not higher :/

 

[Jarod]

What will it do to the market? Nothing?

 

[tsuke]

What will it do to the market? Nothing?

this has a big impact. I work in the banking industry. This almost automatically means all credit cards will have their interest rate will go up by 0.25%

 

[cawacko]

What will it do to the market? Nothing?

I'm no expert on the market but I believe this rate hike has already been priced in. Now if Yellen states they are going to hike rates more aggressively going forward that would have a cooling effect.