[Following the FOMC meeting, traders are further betting on a 25 basis point rate hike in December, but market divergence remains] BlockBeats reports that on October 29th, following the October FOMC meeting and Walsh's remarks, market traders are further betting on a 25 basis point rate hike in December. According to CME's FedWatch tool, the probability of a 25 basis point rate hike in December has risen to 83.3%, a 5% increase from the 78.4% probability before the FOMC meeting. Meanwhile, the probability of no rate hike has risen to 16.7% (13.6% before the FOMC meeting), and a 50 basis point rate hike is no longer expected. [Original link]