Markets Put December Fed Hike Odds at 98.9% Before October CPI

Market pricing put the odds of a 25-basis-point Federal Reserve rate increase in December at 98.9% ahead of October’s CPI release, with 1.1% assigned to a larger move.

The snapshot placed a 0% probability on rates holding steady in December. A 25-basis-point move equals a quarter of a percentage point; the remaining 1.1% was assigned to a 50-basis-point increase.

For January, the snapshot showed a 64.9% probability of a cumulative 25-basis-point increase and a 34.8% probability of a cumulative 50-basis-point increase. It assigned 0% to no change by that point.

These figures describe market expectations ahead of the inflation release, not a Federal Reserve announcement or decision. TokenPost previously covered market pricing that fully favored a 25-basis-point December increase; this snapshot also lays out the January rate scenarios.