The CME website is struggling with high traffic during this period of global attention, so it’s a bit hard to load right now. However, after peaking at 90%, it has gradually fallen back to —86.7%—84.7%. Since Waller’s speech, the Fed has entered its blackout period, and under normal circumstances, there aren’t likely to be any unexpected events that could change rate hike expectations. Right now, rate hikes are necessary due to political logic, not because politics doesn’t require them. This concept has been explained many times before, so no need for a lengthy discussion—simply put, it’s about choosing the lesser of two evils. Rate hikes do have downsides, but they’re better than the credit collapse and long-term interest rate chaos that could result from not hiking. @BITstocks_CN Buy U.S. stocks on BIT—10,000+ U.S. stocks and ETFs, real holdings, enjoy dividend payouts.