Market Forecast Puts December Fed Rate Hike Odds at 77%

A market forecast put the chance of a 25-basis-point Federal Reserve rate increase in December at 77%, while the probability of no change stood at 23%. The hike scenario had more than three times the probability assigned to a hold.

The forecast event recorded $16.7 million in trading volume. The figures describe the forecast's rate scenarios; they do not indicate that the Federal Reserve has decided to raise rates.