Fed funds futures indicate 81% chance of December rate hike - CME Fedwatch

• The Fedwatch implies 81% chance of Fed raising rates to 2.25%-2.50% at December 18-19 policy meeting.
• The Fedwatch implies 56% chance of Fed raising to 2.50%-2.75%at March 19-20 2019 policy meeting.

After strong October labor market report in the US with a forecast-beating 250K new jobs added and wage growth of 3.1% over the year, the CME Fedwatch tool indicates  81% chance of Fed rate hike to 2.25%-2.50% at December 18-19 policy meeting. TThe Fedwatch also implies 56% chance of Fed raising to 2.50%-2.75%at March 19-20 2019 policy meeting.