The probability of the Federal Reserve raising interest rates by 25 basis points in December is 74.9%.
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According to CME's FedWatch tool, the probability of the Federal Reserve keeping interest rates unchanged in December is 25.1%, and the probability of a 25 basis point rate hike is 74.9%. The probability of the Federal Reserve keeping interest rates unchanged until January next year is 17.1%, the probability of a cumulative 25 basis point rate hike is 58.9%, and the probability of a cumulative 50 basis point rate hike is 24.1%.