Will a 25bp interest rate increase be the Christmas gift from the FOMC?

<p>The 'FedWatch' tool is based on the probabilities of changes to the Fed Funds rate and U.S. monetary policy, as implied by 30-Day Fed Funds futures pricing data.</p><p>Despite skyrocketing <a href="https://www.forexlive.com/news/us-september-ppi-22-vs-16-expected-20231011/" target="_blank" rel="follow">PPI </a>and higher-than-expected <a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-yields-and-dollar-spike-after-terrible-bond-auction-20231012/" target="_blank" rel="follow">CPI </a>data this week the pricing for November remains firmly on hold:</p><p>However, pricing has crept up for the chance of a rate hike at the Christmas meeting (well, December 13):</p>

This article was written by Eamonn Sheridan at www.forexlive.com.