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Editor's Note: The chart and brief excerpt below are from this morning's Early Look written by Hedgeye CEO Keith McCullough. We're not going to try and tell you how to go about living your life or anything. But subscribing? It's a really smart idea. We'll leave it to you.

CHART OF THE DAY: No #Fed Rate Hike In December? - zz chart day 09.18.15 chart2

...[W]hat to do with this mess of market forecasts and expectations?

  1. GROWTH – the Fed is going to be wrong on 2H forecasts (again), but just cut their 2016 GDP to a range of 2.2-2.6%
  2. INFLATION – the Fed’s PCE forecast of 0.3-0.5% for 2015 implies no rate hike in DEC

No hike in DEC?