Fed funds futures were indicating that today's rate hike would be 50 BPS, says Randy Frederick. He and Collin Martin join Oliver Renick to give an overview of the markets. They talk about how the markets closed negative following the Fed rate hike. Randy notes that yesterday's softer-than-expected CPI report did not change that estimate. They also go over how 10 of the 11 S&P 500 sectors closed negative. Tune in to find out more about the stock market today.
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