Market-implied odds for the Federal Reserve's December policy decision place a 25 basis point rate increase at 76.5 percent, reflecting trader consensus that recent inflation readings and labor market resilience have kept monetary policy expectations tilted toward tightening. The 21.5 percent probability assigned to no change captures lingering uncertainty around the pace of disinflation, while the sub-1 percent odds on cuts or larger hikes underscore limited scope for easing under current conditions. Key upcoming releases on CPI, employment, and any FOMC communications will serve as primary catalysts that could shift these probabilities ahead of the meeting.