Has the market beaten the Fed?

February = 25 bps rate hike? Looks like it's all but guaranteed at this point.

As we enter into the final week of the month, the CME FedWatch Tool now shows a target rate probability of 99.8% that the Fed will only raise rates 25 bps on February 1st. The March meeting probability is currently sitting at an 82.5% chance of one more 25 bps rate hike and 17.4% chance of no rate hike. If you’ve been paying attention, this isn’t surpri…