Fed Watch: China Changes Everything

The sport of Fed watching has grown from its humble beginnings gauging how fat Alan Greenspan’s briefcase looked on his way to the FOMC meeting. Today we have a continuous, almost never ending loop of when will the Fed raise rates, maybe the Fed won’t, will it be next month, maybe it will be next year, how much will it be, and what about after that?  Few economic events have been more highly anticipated than the coming of the great Fed Funds rate hike.