Fed December Interest Rate Decision Probability Rises to 93.5%—Where Could Rates Stand in January?
Key Highlights Futures markets put the probability of a 25-basis-point Federal Reserve rate increase at 93.5%, up from 77.5% a week earlier. The probability of a 50-basis-point increase on December 9 is 6.5%. Market pricing assigns a 68.8% probability to a federal funds rate range of 4.25% to 4.50% after the January 27 meeting. Markets ...