📢 Flash
After Democrats secured control of both chambers, the probability of a 25-basis-point rate hike in December rose to 76.9%.
According to CME’s “FedWatch” data, following the Democratic Party’s victory in securing control of both chambers of Congress in the November 4 midterm elections, market expectations for a 25-basis-point Fed rate hike in December rose from 70% to 76.9%, while the probability of holding rates steady stood at 23.1%.
