The probability of the Federal Reserve raising interest rates by 25 basis points in December reaches 95%

According to CME's "FedWatch Tool," the probability of the Federal Reserve raising interest rates by 25 basis points in December is 95%, while the probability of a 50 basis point increase is 5%. The probability of a cumulative increase of 25 basis points by January next year is 25.2%, the probability of a cumulative increase of 50 basis points is 71.1%, and the probability of a cumulative increase of 75 basis points is 3.7%.