Markets Put October Fed Rate Hike Odds at 14.9% as Hold Odds Reach 85.1%

Market-implied pricing put the chance of a 25-basis-point increase in the Federal Reserve's October rate decision at 14.9% on Oct. 22. The probability of rates remaining unchanged was 85.1%. The Oct. 18 market-pricing reading put the hike probability at 15.5% and the chance of no change at 84.5%. By Oct. 22, hike odds had fallen 0.6 percentage point, while the probability of unchanged rates had risen by the same amount. These figures describe market expectations, not a Federal Reserve decision or announcement. The Fed's next two-day meeting is scheduled for Oct. 27-28.

Source: TokenPost