Mr. Market To The Fed: Please Don't Raise Rates

The Federal Reserve is faced with a serious conundrum with respect to raising rates at their meeting next week (Dec 15-16) and Mr. Market does not want them to raise rates (see below). On one hand, they backed themselves into a corner because they set the expectation very high that they will raise rates in December. If they don't raise that will be seen as weakness and may work against them. On the other hand, they know the global economy remains very weak and they have to be very careful about ...