CME FedWatch shows an 86.0% chance the Federal Reserve raises rates by 25 basis points in December, with 13.6% odds of no change and 0.5% for a 50-basis-point increase.
The story so far: December Fed rate hike odds
CME FedWatch showed an 86% chance of a 25 basis point Fed rate rise in December in late October. Ahead of October nonfarm payrolls, the odds stood at 72.8%, with 27.2% seeing rates unchanged and 63.4% expecting a cumulative 25 basis point rise through January.
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CME FedWatch puts December Fed hike odds at 86%
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