Movin’ On Up! Interest Rates Keep Rising (100% Prob of Rate Hike At Sept FOMC Meeting!)

 They're a movin' on up .. to the north side. 

The Fed Funds Target Rate, the 2 year Treasury yield, the 90 day commercial paper rate and effective Fed Funds rate all moved together prior to the first Fed rate hike in late 2015. Since then, we are seeing divergence.

And the 10-year keeps a goin' on up!

And the probability of more Fed rate hikes are forecast for the future.

And WIRP, the implied probabilty from Fed Funds Futures are pointing to a 100% chance of a rate hike in September AND November.

And the good ship Folly Pop isn't sinking. Yet.