Missing this months raise would be too soon. However, I am of...

Missing this months raise would be too soon. However, I am of the opinion that Sept's expected rise won't eventuate.
Remember the fed have only said they are "prepared" to raise rates at an accelerated pace if it looks like inflation is getting out of control. They are not locked into raising rates every month as most pundits think.
If equities continue to work down for the next few weeks, then a hold on interest rates coupled with technically o/sold markets could be the catalyst for a sharp rally up through the election 'till christmas.
Of course something possitive happening with oil would be a bonus. But lets face it, if it (oil) just stabilised, then the markets would get used to it.
Of course none of it makes good long term strategic sense economically, but if politics is going to keep interfering in the markets, then that too can be played.
Cheers
Darren