The probability of the Federal Reserve raising interest rates by 25 basis points in December is 78.4%.
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According to CME's FedWatch tool, the probability of the Federal Reserve keeping interest rates unchanged in December is 21.6%, and the probability of a 25 basis point rate hike is 78.4%. The probability of the Federal Reserve keeping interest rates unchanged by January next year is 7.2%, the probability of a cumulative 25 basis point rate hike is 40.6%, and the probability of a cumulative 50 basis point rate hike is 52.2%.