The probability of the Fed raising interest rates by 25 basis points in December is 78.4%.

According to the CME "FedWatch": The probability that the Fed will keep interest rates unchanged by December is 21.6%, and the probability of a cumulative 25 basis point rate hike is 78.4%. The probability that the Fed will keep 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%.