After Democrats won both chambers, the probability of a 25 basis point rate hike in December rose to 76.9%.

BlockBeats news, November 4th, as Democrats secure control of both chambers in the midterm elections, according to CME's "FedWatch": the probability of the Federal Reserve raising interest rates by 25 basis points in December has increased to 76.9%, up from 70%, with the probability of keeping rates unchanged at 23.1%.