Economy / Markets
December hike odds jump to 76.8 percent after a 165,000 payroll print
CME FedWatch put the probability of a quarter-point rate rise at the December 8-9 meeting at 76.8 percent on Friday, up from 66.9 percent a week earlier, after October payrolls rose 165,000 and unemployment slipped to 4.1 percent. Futures priced no chance of a half-point move and only one further hike beyond December; a quarter-point rise would lift the target range to 4.00-4.25 percent. October CPI, due on November 10, is the next test before the meeting.