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Chart of the Day: March is live

Chart courtesy - Soberlook.com

The market participants are getting it. After several prominent FOMC speakers, including well-known dove William Dudley of the New York Fed, suggested that rate hikes need to be sooner than the market expectations, the federal funds futures are finally registering more than 80 percent probability of a hike in March.

The comments made so far, strongly suggest that the Fed is going for three hikes in 2017, just like they suggested. 

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