Probability of Fed Rate Hike in December at 72%

As of October 31, according to CME's 'FedWatch': the probability of the Federal Reserve keeping interest rates unchanged in December is 28%, while the probability of a 25 basis point rate hike is 72%. The probability of the Fed maintaining rates in January next year is 19.3%, with a cumulative probability of a 25 basis point hike at 58.4%, and a cumulative probability of a 50 basis point hike at 22.3%.