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Stocks rise again, helped by Fed pause hopes

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Odds in the futures markets show near certainty that the Fed won't hike rates in December.

The growing consensus that the Fed is on pause has helped drive a sharp rebound in stock prices over the last several sessions.Odds derived from prices in the Fed Funds futures market suggest traders think there's a roughly 90% probability that the Fed leaves its target rate — now 5.25%-5.5% — untouched at its next meeting on Dec. 13.

In September, the same market put the odds that the target rate would sit in that range after the December meeting at just 50%.The S&P 500 rose for the sixth straight day on Monday as it posted a modest gain of 0.2%."Last week's rally should fizzle out over the next week or two as it becomes clear the growth picture does not support either Fed cuts or a significant acceleration in growth in the near term," wrote Mike Wilson, chief U.S.

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