Companies Have Rarely Had Such Great Expectations

A rate rise next month looks increasingly unlikely, and that's boosting stocks. Data this week on consumer and producer prices have shifted bets in the Fed Funds futures market, which now suggest a nearly 70% chance of no change to rates. That was 56% a week ago, according to the CME FedWatch tool. Futures suggest a mixed open, though, and oil is up overnight after reports of another tanker attack in the Strait of Hormuz.