Another quarter-point rate hike is baked in the cake. But we are near the end.

There's so much momentum coming early into this quarter that an excellent quarter is just baked in the cake.

The view is that the market could withstand a 25 basis point rate hike.

Then all of a sudden, in the fourth quarter the other team's back in it.

You can hike for a quarter of a mile and find a beautiful waterfall.

If they don't see that evidence, it may well regenerate the case for a further rate hike.