The probability of the Federal Reserve raising interest rates by 25 basis points in December is approximately 75%.

CME FedWatch data shows that 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 Fed keeping interest rates unchanged by January next year is 18.2%, the probability of a cumulative 25 basis point rate hike is 61.2%, and the probability of a cumulative 50 basis point rate hike is 20.7%.