PIMCO says baseline view in markets is a very high probability of December liftoff

Futures markets are setting the probability of a December 'lift off' at 74%, and Pacific Investment Management Co. agrees a move is likely

The probability of a December hike was less than 30% recently as mid-October

But now, says PIMCO's global strategic adviser Richard Clarida:

• "The baseline view in markets and at Pimco has converged to a very high probability that -- at last -- the Fed begins the process of liftoff"

Adds Bloomberg, at the article:

• The rising odds of a Fed shift in the futures market combined with the advance in short-maturity yields reflect a growing consensus among traders that the central bank is about to move