Before the CPI release, the probability of a Fed rate hike in December is 100%

Odaily reports: Before the release of U.S. October inflation data, according to CME's "FedWatch": the probability that the Federal Reserve will keep interest rates unchanged in December is 0%, the probability of a 25 basis point rate hike is 98.9%, and the probability of a cumulative 50 basis point rate hike is 1.1%. The probability that the Federal Reserve will keep interest rates unchanged by January next year is 0%, the probability of a cumulative 25 basis point rate hike is 64.9%, and the probability of a cumulative 50 basis point rate hike is 34.8%.