75.8% chance the Fed will hike rates by 50 basis points in December

According to CME’s “Federal Reserve Watch”: the probability of the Fed raising interest rates by 50 basis points to the range of 4.25%-4.50% in December is 75.8%, and the probability of raising interest rates by 75 basis points is 24.2%; The probability is 34.8%, the probability of a cumulative rate hike of 100 basis points is 52.1%, and the probability of a cumulative rate hike of 125 basis points is 13.1%.