> The Fed is very, very unlikely to raise interest rates in September. It's practically guaranteed not to happen. Investors are likely to bet on this today, and

> The Fed is very, very unlikely to raise interest rates in September. It's practically guaranteed not to happen. Investors are likely to bet on this today, and stocks will probably climb significantly over the next few months in response to the Fed not hiking. The bet will shift from expecting a hike, to not expecting one for the remainder of 2015. Why would the yuan devaluation affect the fed's decision? The stock market opened after you wrote your comment, and u.s. index is down >1% and foreign index is down >2%.