[CME FedWatch: The probability that the Federal Reserve will raise interest rates by 25 basis points in December has risen to 95.6%] On November 10, the latest data from the CME FedWatch tool showed that the market expected that the probability of the Federal Reserve raising interest rates by 25 basis points at the December 9 interest rate meeting rose to 95.6%, and the probability of keeping interest rates unchanged was 4.4%. Compared with a week ago, the expected probability of interest rate hikes increased by 18.2 percentage points; compared with a month ago, it increased by 25.8 percentage points. If interest rates are raised, the Fed's federal funds rate target range will rise to 4.00%-4.25%. Data as of 03:09 on November 10, 2026 (US Central Time). Earlier, Fed Governor Waller supported an interest rate hike in December and expressed his willingness to consider a 50 basis point range.