The market has already made its decision and is betting everything on an interest rate hike

Expectations changed completely in just one week. The probability of monetary tightening in December surged to 88.8%, according to the CME FedWatch tool.

The impact is direct. Higher borrowing costs will cool the housing market, put pressure on businesses, and limit consumer spending.
The market has already priced in this move as almost certain.

The big question is: will the Federal Reserve really confirm an interest rate hike, or will it surprise everyone by acting cautiously?
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