B · Normal
[The probability of a 50 basis point interest rate hike in the United States in December rose to 15.3% after the announcement of CPI. The market began to price in a larger interest rate hike] On November 10, the CME Federal Reserve Watch Tool (FedWatch) showed that due to the impact of the U.S. CPI data in October exceeding expectations, market expectations for the Federal Reserve to raise interest rates in December have further increased. The probability of a 50 basis point interest rate hike in December rose to 15.3%, from 0% the previous day; the probability of a 25 basis point interest rate hike was 84.7%. The market is currently pricing in a 100% probability that the Federal Reserve will raise interest rates in December.
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