The Fed's Expectations for a 25 Basis Point Hike

The FedWatch tool had a 56% chance of rates not going up, but now it has readjusted perhaps per the job report. It might just so happen that they decide all right, you know, we still need to get inflation under control and let's roll the dice with the banking system. Because banks born portfolios are worth a lot less than they were, just a year ago, because rates have come higher so quickly.