What is your everyone's thoughts for a rate hike in December?

[James Park]

Just curious to find out what people think whether will have a rate hike in December. We have not had a rate hike for almost 10 years.

Please state "Yes or No" and your reasoning.

[Ned Carey]

@James Park Short run no one can predict. Long run it doesn't matter. 

Compared to long run averages, interest rates are essentially free. They will still be free if the fed raises rate a full 1%.  Of course the market will not see it that way and likely over react. 

I don't try to predict the short term. I try to take advantage of any over reaction. 

OK now my prediction  

It is a coin toss - 50/50.  Before I read @Chris Martin's post I would have said a clear yes. But considering Christmas economic disruption I think they will play the "Wait and See" game one more time. 

This is my 7000th post. That is bound to be lucky so I bet my 50/50 guess is dead on!  :-)