According to CME “Federal Reserve Watch”, the probability that the Fed will raise interest rates by 25 basis points in December is 89.6%, and the probability of raising interest rates by 50 basis points is 10.4%. The probability that the Federal Reserve will raise interest rates by 25 basis points by January next year is 29.9%, the probability of a cumulative 50 basis point increase is 63.1%, and the probability of a cumulative 75 basis point rate hike is 6.9%.

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