Yes, and then they waffled and said they'd do a rate rise based on the numbers coming in rather than any strict ideology of having to raise the rates. When numbers turned south, the CME probability declined.

I'm reminded of folks who ignore evacuation orders during a hurricane, latching on to any small lull as evidence that the storms will lift before it's too late.

Of course, one tends to hear these stories after it is too late. No doubt plenty of people ignore the warnings and get by just fine, right up until they don't. And then it's someone else's fault.