Drew Matus

The market is nearly evenly split on the prospect of a rate hike by the end of this year, according to the CME's FedWatch Tool. A report on CNBC citing the tool, said, "Nearly 54 percent of the market believes interest rates will remain in the current range of 25 to 50 basis points in December....

The Federal Open Market committee held its policy steady on Thursday by keeping the fed funds rate target range at 0.0-0.25 percent. Here is how Wall Street's top Fed experts reacted to the announcement. Credit Suisse: Debate Turns To October Meeting Dana Saporta of Credit Suisse...