After the PPI data was released, the money markets lowered the probability of the Fed raising rates by 50 basis points in December.

November 13, data from the London Stock Exchange Group shows that after US October producer price increases came in below expectations, the probability of the Federal Reserve raising rates by 25 basis points in December increased relative to the possibility of a 50 basis point hike. The PPI rose 0.3% month-over-month, below analysts' expectations of 0.4%; the year-over-year figure was up 6.5%, below the 6.6% expectation. Following the data release, money markets reflected a 91% probability of the Fed raising rates by 25 basis points, up from 86% before the release; while the probability of a 50 basis point hike fell from 14% to 9%.