Fed December Rate Hike Odds Rise to 77%

The move in December hike odds to 77% is a meaningful repricing, and the $16.7 million in event volume suggests this is not a thin quote but a market actively positioning around Fed policy. For crypto and RWA markets, which have leaned heavily on the rate-cut narrative, this pricing shifts the near-term backdrop toward tighter-for-longer expectations. The open question is whether these odds firm further as December approaches or unwind on incoming data, and whether the volume behind them holds up.