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⚡️FOMC Countdown 4 hours, traders further bet on no rate hike this month

BlockBeats reports that October 28, according to CME data from “FedWatch,” with only FOMC hours remaining before the 4 decision, traders are further betting on no rate hike this month. The current probability of the Federal Reserve October keeping rates unchanged is as high as 90.6%.

However, the market is also betting that the Federal Reserve will raise rates in December, with the probability of a 25-basis-point hike as high as 78.4%. The probability of no rate hike is only 13.6%.

Original link https://m.theblockbeats.info/flash/374201