Probability of Fed Rate Hike in December at 74.9%

On October 30, according to CME's 'FedWatch': The probability of the Federal Reserve maintaining interest rates in December is 25.1%, while the probability of a 25 basis point rate hike is 74.9%. The probability of the Fed keeping rates unchanged until January next year is 17.1%, with a cumulative probability of a 25 basis point hike at 58.9%, and a cumulative probability of a 50 basis point hike at 24.1%.