Investors Cautious Ahead of Possible Rate Hike

The Fed Fund Futures are pricing in an 85% likelihood of a rate high Wednesday.

PRE-OPEN MARKET COMMENTS MONDAY - The market has been in a downward sloping trading channel the last six weeks and the 911 bounce last Friday is being given back this morning. Inflation is on the rise and the Fed could raise rates Wednesday. Economic growth has been decent, but it needs to be stronger to support rising yields.

Daily Bulletin Continues...