Probability of a December Fed rate hike is 68.7%

According to TechFlow, on November 6, Jin10 Data reported that the CME FedWatch Tool shows a 31.3% probability that the Federal Reserve will hold rates steady in December and a 68.7% probability of a 25-basis-point rate hike.

The probability that the Federal Reserve will hold rates steady through January next year is 27.0%, while the probability of a cumulative 25-basis-point rate hike is 63.6% and a cumulative 50-basis-point rate hike is 9.5%.

Source: TechFlow