JoAnne Bianco: Weaker Data Could Reduce Odds of Fed Rate Hike in December

JoAnne Bianco, senior investment strategist at BondBloxx asset management, said that if labor market data softens, consumer demand slows, or financial conditions tighten, it could reduce the likelihood of a Federal Reserve rate hike in December. Current money market pricing shows a 74% probability of a 25-basis-point rate hike by the Fed in December.