CME FedWatch: 71.0% Probability of a 25bp Rate Cut by Fed in September
CryptoNewsTerminal Staff11 Sep, 2024
CME FedWatch: 71.0% Probability of a 25bp Rate Cut by Fed in September
Traders are predicting a high likelihood of a rate cut by the Federal Reserve in September, according to the CME FedWatch tool. The tool indicates a 71.0% probability of a 25bp rate cut at the FOMC meeting in September. 29.0% of traders anticipate a more aggressive 50bp cut. The Fed has been under pressure to lower interest rates to support economic growth amid concerns over the ongoing trade war with China and weak global economic data. A rate cut would lower borrowing costs for businesses and consumers and could help to boost economic activity. The Fed's decision on interest rates will be closely watched by financial markets. A rate cut could lead to a rally in stocks and bonds, while a decision to hold rates steady could lead to a sell-off.
