The probability of the Federal Reserve raising interest rates by 25 basis points in December is 84.2%. The probability of the Fed raising rates by a cumulative 25 basis points by December is 84.2%, while the probability of keeping rates unchanged is 15.8%. The probability of the Fed keeping rates unchanged by January is 11.8%, the probability of a cumulative 25 basis point rate hike is 66.9%, and the probability of a cumulative 50 basis point rate hike is 21.3%.