Fed Rate Hold Probability Hits 83.9% for October Meeting

CME FedWatch data shows an 83.9% probability that the Federal Reserve will keep interest rates unchanged through October, with a 16.1% chance of a cumulative 25 basis point hike. For December, markets price in only a 9.9% likelihood of rates remaining flat, while the probability of a cumulative 25 basis point increase stands at 76.0% and a 50 basis point hike at 14.2%.