The bond market selloff has sparked fears that the Fed might not hike rates today

<i>Breakfast with Benjamin</i>: The bond market selloff has sparked fears that the Fed might not hike rates today.

DEC 15, 2015

Say it ain't so. After seven years at zero, and a full 18 months of teasing about a hike, there's now a real possibility that the Fed might not be able to pull the trigger this afternoon. This is exhausting. Three scenarios replace what was recently viewed as a done deal.
As regulators begin to unravel all the system breakdowns related to the now-infamous Third Avenue Credit Focused Fund, it is certainly worth debating whether such concentrated distressed-debt strategies are appropriate for mutual funds and retail-class investors. How did this happen?
For the truly committed monetary policy wonk, here's how the Federal Open Markets Committee actually raises interest rates. The Fed's tools include reverse purchase options, interest on excess reserves, and other fancy stuff like that.
Even if the IRS is supposed to be understaffed and overworked, it still makes sense to try and avoid the hassles of an audit. Three red flags.

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The bond market selloff has sparked fears that the Fed might not hike rates today

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