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CME FedWatch: October Rate Hike Probability at 56.5%
According to CME FedWatch, as of September 20, market pricing indicates a 56.5% probability of a 25 basis point rate hike at the October FOMC meeting, with a 43.5% chance of no change. Looking further ahead, through December, markets price in a 46.6% probability of cumulative 25bp hikes, a 33.3% probability of 50bp cumulative hikes, and a 10.2% probability of rates remaining unchanged.