The probability of a 25-basis-point Federal Reserve rate increase in December has risen to 77%, with the chance of rates staying unchanged falling to 23%, on trading volume of $16.7m.
The story so far: December Fed rate hike odds
Fed Governor Waller said he would back a 25bp December hike even if October CPI improves, and 50bp if core CPI is about 0.3% or more. Waller said the Fed needs to take back at least its last three precautionary cuts, but is not super hawkish and will not raise rates by 150 or 200bp.
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Fed rate-hike odds for December rise to 77% on prediction market
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