According to Jin10, CME FedWatch showed a 35.2% probability that the Federal Reserve will keep rates unchanged at 3.75%-4.00% at its October meeting, and a 64.8% probability of a 25-basis-point rate hike. By December, the probability of keeping rates unchanged at 3.75%-4.00% was 7.6%, while the probability of a cumulative 25-basis-point hike was 41.6% and the probability of a cumulative 50-basis-point hike was 50.9%.
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Fed October Rate-Hike Odds Rise to 64.8%
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