CME FedWatch: FOMC Meeting to Hold Rates Steady

CME FedWatch: FOMC Meeting to Hold Rates Steady

CME FedWatch, a service of the Chicago Mercantile Exchange, recently released its expectations for the upcoming Federal Reserve (Fed) meeting in June. According to the CME's data, traders see a 99.4% chance that the Fed will hold its benchmark interest rate steady at this meeting. Only 0.6% of traders expect a 25-basis-point hike. The Fed is set to make its decision on rates on June 13 at 3 pm ET. The CME FedWatch tool is a valuable resource for investors and market participants who are interested in the Fed's monetary policy decisions. By providing real-time insights into the market's expectations, CME FedWatch helps market participants make informed decisions about their investments. The Fed's decision on interest rates will be closely watched by investors and economists around the world. The Fed has been raising interest rates gradually since 2015, and many analysts believe that the central bank will continue to raise rates in the coming months. However, some analysts believe that the Fed may pause its rate-hiking cycle due to concerns about the global economy. The release of the U.S. consumer price index for May is due out at 8:30 am ET on June 12. The CPI is a measure of inflation, and it is closely watched by the Fed. A higher-than-expected CPI reading could increase the chances of the Fed raising rates at its June meeting.