56.8% chance the Fed will raise 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 56.8%, and the probability of raising interest rates by 75 basis points is 43.2%; The probability is 24.8%, the probability of a cumulative rate hike of 100 basis points is 50.9%, and the probability of a cumulative rate hike of 125 basis points is 24.3%.