After the CPI release, the probability of the Fed raising rates by 50 basis points in December rose to 15.3%

Odaily reports: Following the release of U.S. October inflation data, according to CME's "FedWatch": the probability of the Fed keeping rates unchanged in December remains 0%, the probability of a 25 basis point rate hike is 84.7%, and the probability of a cumulative 50 basis point rate hike is 15.3% (previously 1.1%).

For the Fed's January meeting next year, the probability of keeping rates unchanged is 0%, the probability of a cumulative 25 basis point rate hike is 43.9%, the probability of a cumulative 50 basis point rate hike is 48.8%, and the probability of a cumulative 75 basis point rate hike is 7.4%.