CME FedWatch: Probability of a December Fed Rate Hike Rises to 84.4%

TechFlow, citing BeInCrypto on Nov. 10, reported that data calculated by CME FedWatch based on fed funds futures showed the market expects an 84.4% probability that the Federal Reserve will raise rates to 4% to 4.25% in December, and a 15.6% probability of leaving rates unchanged.

The report cited SoSoValue data showing that in the week ending Nov. 6, U.S. spot Bitcoin ETFs recorded net outflows of $1.28 billion, the largest single-week outflow since late June.

Source: TechFlow