CME FedWatch shows an 83.9% probability the Fed holds rates steady in October, while the probability of a cumulative 25-basis-point hike by December has risen to 76.0%, versus just a 9.9% probability of still holding steady by then.
Market pricing is shifting from an October pause toward an expected rate hike by December. Rising hike odds tend to support USD and Treasury yields while pressuring Gold, since a higher-rate outlook raises the opportunity cost of holding non-yielding assets.
FinancialJuice·10/20, 07:39 PM
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