Cointime reports: Traders on CME’s FedWatch tool priced an 84.7% probability of a 25-basis-point Federal Reserve rate hike in December as of Nov. 13, with a 15.3% chance of a 50bps move. For the January meeting, the market implied a 24.4% probability of a cumulative 25bps of tightening, 64.7% for 50bps and 10.9% for 75bps.
CME FedWatch: 15.3% Chance of 50bps Fed Hike in December
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