CME group's fed-watch that is at 99.6% today vs 90% a week ago

We have had a blackout ahead of the Fed next week and there have been a number of distractions that have taken traders attention away from the US economy this week.

The data releases have not market movers this week from the US nd the dollar has, for the best part been consolidating the steep decline from the 99 handle in May's business. DXY made a low of 96.63 before firming up on the 97 handle again today. 

Yields have been underperforming below the 2.20% mark in the 10-years implying markets are less than convinced that the US economy and Fed will remain on track according to the previous rhetoric over the last several months. However, 

The countdown to the Fed next week has begun and interest rates futures imply traders fully expect that the Fed will be raising rates next week according to CME group's fed-watch that is at 99.6% today vs 90% a week ago.