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  • 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. The Fedwatch also implies 56% chance of Fed raising to 2.50%-2.75% at March 19-20 2019 policy meeting.