Data: The market believes the probability of the Federal Reserve raising interest rates in December is 100%

According to Cointelegraph, the market believes there is a 100% probability that the Federal Reserve will raise interest rates in December. CME FedWatch data shows a 90.8% probability of a 25 basis point increase and a 9.2% probability of a 50 basis point increase. The total of these two probabilities adds up to 100%, corresponding to the market's pricing outcome for the interest rate hike in December.