Published July 27, 2016 3:14pm EDT | Updated July 27, 2016 4:04pm EDT

Odds Of Fed Rate Hike In December Marked Up After Policy Statement

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.