BondBloxx Strategist JoAnne Bianco: Weaker Data Could Lower Fed's December Rate-Hike Odds

BondBloxx senior investment strategist JoAnne Bianco said weaker labor market data, slowing consumer demand, or tighter financial conditions could reduce the likelihood of a Federal Reserve rate hike in December. According to ChainCatcher, money markets currently price a 74% probability of a 25-basis-point rate hike in December.