March Rate Hike Odds Reach 100%

Following the massive ADP employment beat (but productivity disappointment), March rate hike odds finally upticked to certainty. Fed Funds futures now imply a 100% chance that The Fed hikes next week.

Up from low 20s to 100% in a month...

 

What did The Fed see that suddenly spooked them all?

Which reminds us of the WTF-est chart we know of right now - as The Fed's forecast for GDP collapses, so the odds of a rate hike soar (FF Futs tumble)...

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