December: Market and Piegza

december: A rate increase by the end of the year is already being priced into the market, according to Market Watch. We see the market saying about a 60%-plus possibility of a December rate hike, Piegza said, but I think we are going to see continued volatility in the market as I don't expect the Fed to actually pull the trigger in December. In an interview on Money Life with Chuck Jaffe, Piegza said she believes the Fed is likely to surprise investors again through its inaction, noting that the end of the election campaign won't green-light a rate hike for the Federal Reserve data-dependent governors. Piegza noted the market had priced in an increase in June, was nearly there again in September and the Fed came away both times without making a move. Again in December, Piegza said, the market is being set up for a rate increase, but I think investors are poised for a significant amount of disappointment as the data continues to support the notion the Fed needs to remain on the sideline for much longer. She said she expected that to happen again even as most people think a December rate hike is nearly inevitable. (news.financializer.com). As reported in the news.