Rate Hike Odds Update: December Odds Just Crashed to 24.2%, Cut Odds 4.9%

by Mike ‘Mish’ Shedlock
Mish Talk

I was a bit early or CME Fedwatch a little late on rate hike odds as discussed in my previous post FOMC Median Fed Projection Still Two Hikes – Market Laughs.

The odds of a hike this year just crashed. The market even places small odds the next move will be a cut.

CME Fedwatch now has this update.

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