WASHINGTON – Traders who bet on rate hikes using fed funds futures contracts marked up the odds of a rate hike in December after the Fed's policy statement was released. Traders now see a 46.3% chance of a rate hike in December, up from 41% before the policy statement was released, said John Canally, chief economic strategist at LPL Financial. Odds had briefly topped 50% before sliding back. Markets don't fully price in a rate hike until March of 2017.
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