Fed December Rate-Hike Odds Fall to 67% After U.S. Midterms; Hold Seen at 33%

Expectations for a Federal Reserve benchmark rate increase in December have weakened since the U.S. midterm elections. In prediction markets, the odds of a rate hike fell to 67% from more than 80%. Walter Bloomberg reported on November 5 that the probability of a Fed rate increase in December dropped to 67% after the midterm results were announced.