The FOMC meeting in mid-December: to hike 25bps? - BBH

Analysts at Brown Brothers Harriman explained that iF the labor market continues to strengthen, core inflation firms and the global financial conditions allow, the Federal Reserve may hike rates by 25 bp. 

Key Quotes:

"Bloomberg calculates that presently there is about a 36% chance that Fed funds target is 50-75 bp in December (conditional on a 20% that the hike takes place in September).  There is no precedent for the Fed to hike rates a week before the national election, yet Bloomberg calculates a (slightly) greater chance that the Fed funds target will be 50-75 bp in November than in September."