Suspect the risk is that the Fed hikes more rather than less - BBH

Analysts at Brown Brothers Harriman explained that they expect the Federal Reserve to deliver its third rate hike of the year in December. 

Key Quotes:

"That hike would bring the new target range for Fed funds to 1.25%-1.50%. The interest the Fed pays on reserves (all reserves, not just excess reserves) is set at the upper end of the Fed funds target range."

"The market is barely discounting a single rate hike next year. We suspect the risk is that the Fed hikes more rather than less."