[Probability of a 25 Basis Point Rate Hike in December Rises to 76.9% After Democrats Gain Control of Both Houses in the Midterm Elections] According to BlockBeats, on November 4th, following the Democrats' victory in the midterm elections, CME's FedWatch tool showed that the probability of a 25 basis point rate hike by the Federal Reserve in December rose to 76.9%, up from 70% previously, while the probability of maintaining the current rate was 23.1%. [Original Link]