Markets Price In 95% Chance of a Fed Rate Hike in December

Markets are increasingly pricing in a Federal Reserve rate hike in December, with expectations shifting toward a potentially larger increase.
Current market expectations:
- 50 basis point hike: 11%
- 25 basis point hike: 84%
Combined, markets are pricing in a 95% probability of a December rate hike, with the remaining uncertainty centered on the size of the increase.