The probability of a Federal Reserve rate hike in October has risen to 69.7%.

BlockBeats news, September 24, according to CME "FedWatch": The probability that the Federal Reserve will keep interest rates unchanged at 3.75%-4.00% at its October meeting is 30.3%, while the probability of a 25 basis point rate hike is 69.7%.

In addition, the probability that the Federal Reserve will keep interest rates unchanged at 3.75%-4.00% by December is 6.5%, the probability of a cumulative 25 basis point rate hike is 38.7%, and the probability of a cumulative 50 basis point rate hike is 54.8%.