The probability of the Federal Reserve raising interest rates by 25 basis points in December is 95%.

CME's FedWatch tool shows a 95% probability of a 25 basis point rate hike by the Federal Reserve in December and a 5% probability of a 50 basis point rate hike. The probability of the Federal Reserve raising interest rates by a cumulative 25 basis points by January next year is 25.2%, the probability of raising rates by a cumulative 50 basis points is 71.1%, and the probability of raising rates by a cumulative 75 basis points is 3.7%.