If fed doesn't raise in March ( 9% chance according to the tracking data ) then seeing " three rate hikes in 2017 " ( as we've been told by Yellen and her underlings ) is all but a fantasy , because there is no way the fed will engage three hikes in 8 months, when we've only seen two hikes in 11 years here to fore. I think some of spinsters engaging in alternative facts have a better believability rate than the fed at this point, because right now they are a shade over " lying sacks of chit".