JPMorgan Asset Management says the wider market is mispricing the likelihood that the U.S. Federal Reserve will raise rates again in December. According to the CME Group's Fedwatch tool, which bases any rate hike probability on Fed Fund futures contracts, the odds of a 25 basis point hike in December is 47 percent. Marika Dysenchuk, fixed income client portfolio manager at JPMorgan Asset Management, said Thursday the market is underestimating the likelihood. "While we will need to see inflation tick up for the Fed to hike, we certainly think they are in play for December. "They've got a dual mandate and the other side ... (full story)