247wallst.com reports that market odds of a December 2026 Federal Reserve rate hike jumped to 76.8% on CME FedWatch, from 66.9% a week earlier, after October payrolls rose 165,000 — about 2.5 times the consensus forecast — though the Fed has given no December guidance. The article notes the Fed held rates on October 28 by a 10-2 vote, San Francisco Fed President Mary Daly expects further tightening to curb inflation, and it flags upcoming October CPI on November 10 as a key test for stocks like SPY.