After the release of CPI data, the probability of the Fed keeping interest rates unchanged in December rose to 94.5%
On November 15th, based on CME's "Fed Watch": the probability of the Fed maintaining interest rates in the range of 5.25%-5.50% in December is 94.5%, and the probability of raising interest rates by 25 basis points to the range of 5.50%-5.75% is 5.5%.
As previously reported on November 14th, the probability of the Fed maintaining interest rates unchanged in December was 85.9% before the CPI data was released.
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