Don't forget a little thing called . Sept 2016!
We started off last month with weak US data but we are slowing see an uptick as predicted.
Personal spending will start rebounding in the next few months which will put the pressure to raise rates.
Job creation should also see an uptick which will lend to September rate hikes.
The human physiological of the market will start pricing in hikes no matter what. As FED is very mums to the when it will actually happen.
Currently the Fed is priced in too Dovish.
Watch for clues in the data and HOLD on for the ride and forget the short term noise!