Dec Fed hike odds approach 80% as job growth seen rising – BBG

Bond markets are very optimistic of a Fed hike in Dec as economists expect the US jobs report will show enough improvement to justify such a hike, Bloomberg reports.

The CME Fed Watch tool revealed that the odds for a Dec Fed rate hike has increased to 78%, the highest level since March, from 69% at the end of last week.

According to a Bloomberg survey of economists, the employment report will show employers added 173,000 workers in October, versus 156,000 in September.