There is no jobs growth. The total hours worked in the US economy is the same as 15 years ago and most of the other economic indicators have been going south for months. The Fed is trapped and there is no way they can raise rates other than by a purely token amount without sending the whole thing rapidly to the dogs; in fact a recession next year is odds even if the Fed does nothing. We will get Big Bust 2 within the next 18 months...THERE WILL BE NO RATE RISE! Yellen knows full well you can't taper a Ponzi, so unless Goldman Sachs has massively shorted the markets and ordered its central banker minions to hike rates to crash the markets, Yellen will come up with yet another in her endless list of excuses to punt yet again on a rate hike. THERE WILL BE NO RATE RISE. Period. It's not like the Fed has any credibility left to lose. ..According to some soothsayers, there will be a 0.15% Fed rise BUT....after New Year there will be some more easing, say....$50 Billion. This time around the money printing will be in subsidies for the middle income earners. If the FED does not do this there will be turmoil and public protests. The Obama admin does not want this, not after the California shootings and most probably some more in the Christmas holiday season. The Obama gov needs the support of the public NOW more than ever....The Fed exists solely to further enrich the already super-rich. That means facilitating the looting and asset-stripping of the "middle income earners" (a soon to be extinct class) as part of the Fed's "No Billionaire Left Behind" monetary policy. The Fed will NEVER subsidize or otherwise give a damn about "middle income earners," much less savers, pensioners, and non-speculators, with whom it is in a state of undeclared financial warfare...The whole casino economy is built around perceptions. There are no relations between economic fundamentals and the value of the stock markets or the amount of public and private debt. A simple lack of confidence or misplaced rumor can cause a panic among investors. And then there's the trillions of debts owed in US dollars by entities who don't use the U.S. dollar as there native currency., Yellen will not raise rates in the absence of some exogenous event, i.e. a phone call from Goldman Sachs or the bond market going haywire as "investors" belatedly realize Yellen & her central banker cohorts are going to inflate away all government and TBTF banker debts and liabilities.