FXStreet (Mumbai) - The weaker-than-expected retail sales data drop in the wholesale prices have had little impact on the Fed funds futures, which continue to point at a Fed liftoff in December. The December rate hike bets now stand at 66%, compared to 68% seen ahead of the data. The probability of the Jan Fed rate hike has now moved up to 69.2% from 68.7%. March rate hike bets stand at 82.3%. Overall the rate hike bets as represented by the Fed funds futures stayed unchanged after the US data. However, Treasury yields have cooled off, but that could be due to the losses in the US stock markets. The 10-yr treasury yield currently trades more than 3 basis points lower at 2.285%. The more policy sensitive 2-yr yield now trades 2 basis points lower around 0.859%. For more information, read our latest forex news.