According to Jin10, CME FedWatch showed a 30.3% probability that the Federal Reserve will keep rates unchanged at 3.75%-4.00% at its October meeting, and a 69.7% probability of a 25-basis-point rate hike. It also showed a 6.5% probability that rates will remain unchanged at 3.75%-4.00% by December, a 38.7% probability of a cumulative 25-basis-point hike, and a 54.8% probability of a cumulative 50-basis-point hike.
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STOCKS | Fed October Rate-Hike Odds Rise to 69.7%
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