Chart Of The Day: The Fed’s Hawkish-Dovish, Hawkish-Dovish Stance – In One Chart

ByGary Kaltbaum

111-rate-hike

Source: HedgEye

Take a close look at that (ridiculous) chart.

What it shows you is investor rate hike probabilities for November (grey line) and December (black line), overlaid with the myriad policy pivots (Fed commentary included). As crazy as it may sound, our omnipotent Fed has gone back and forth on its rate hike rhetoric 7 times in just the last 10 months.

  • Hawkish (December 2015)
  • Dovish (March 2016)
  • Hawkish (May 2016)
  • Dovish (June 2016)
  • Hawkish (August 2016)
  • Dovish (September 2016)
  • Hawkish (October 2016)

Absurd? You decide.