The probability of the Federal Reserve raising interest rates by 25 basis points in December is 81.5%.

According to CME's FedWatch tool, the probability of the Federal Reserve keeping interest rates unchanged in December is 18.5%, while the probability of a 25 basis point rate hike is 81.5%. The probability of the Federal Reserve keeping interest rates unchanged until January next year is 14.2%, the probability of a cumulative rate hike of 25 basis points is 67.1%, and the probability of a cumulative rate hike of 50 basis points is 18.7%.