CME Group FedWatch's Dec hike probability inched higher to 97.7% post-FOMC

Eren Sengezer FXStreet

The markets are now pricing a 97.7% probability of a Fed rate hike in December, according to the CME Group FedWatch Tool. Following its two-day meeting, the Federal Reserve decided to keep the federal funds rate at its current target range of 1.00% - 1.25%. In its statement, the Committee didn't provide any significant changes when compared to the September meeting. The FOMC reiterated that the labor market was continuing to strengthen while the economic activity was expanding at a solid pace.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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