Fed December Rate Hike Probability at 100% Ahead of CPI Release

November 10 — Ahead of the release of U.S. October inflation data, according to CME's "FedWatch": the probability that the Fed leaves rates unchanged in December is 0%, the probability of a 25 basis point hike is 98.9%, and the probability of a cumulative 50 basis point hike is 1.1%. The probability that the Fed leaves rates unchanged through January next year is 0%, the probability of a cumulative 25 basis point hike is 64.9%, and the probability of a cumulative 50 basis point hike is 34.8%.