CME Fed Watch: 88.5% Probability of 25bp Rate Increase in December
According to CME Fed Watch, on November 11, the probability of the Federal Reserve raising rates by 25 basis points in December stands at 88.5%, with a 11.5% probability of a 50bp increase. For January, the cumulative probability of a 25bp increase is 33.6%, while a 50bp increase is at 59.2%.