CME FedWatch: Odds of a December Rate Hike Fall to 68.7%

Cointime reports: Traders now assign a 68.7% probability to a 25-basis-point Federal Reserve rate hike in December, with a 31.3% chance of rates staying unchanged. For January, the odds of no change stand at 27.0%, while a cumulative 25-bp hike is seen at 63.6% and a cumulative 50-bp increase at 9.5%.