Market Pricing in Rate Hike---9/13/2016

 

We have had super stable markets through the summer and now the traders are back and with the Fed meeting next week, I believe the market is pricing in a rate hike.  The reason for the spike in volatility is that the market had previously put a "bet" on that the Fed wouldn't hike in September.  Now, they aren't so sure.  Hence, the gyrations.