Before the release of the ADP Nonfarm Payrolls report, the probability of a Fed rate hike in December is 81.2%

TechFlow reported on Nov. 4 that before the release of the U.S. October ADP Nonfarm Payrolls report, according to CME FedWatch, the probability that the Fed will keep rates unchanged in December is 18.8%, and the probability of a 25 basis point rate hike is 81.2%. The probability that the Fed will keep rates unchanged through January next year is 14%, the probability of a cumulative 25 basis point rate hike is 65.5%, and the probability of a cumulative 50 basis point rate hike is 20.5%.

Source: TechFlow