CME FedWatch: 63% Probability of a 25-basis Point Rate Cut in September
CryptoNewsTerminal Staff03 Sep, 2024
CME FedWatch: 63% Probability of a 25-basis Point Rate Cut in September
Traders are pricing in a high likelihood of a Federal Reserve rate cut in September, according to the CME FedWatch Tool. The tool indicates a 63.00% chance of a 25 basis point cut, while a 50 basis point cut is assigned a 37.00% probability. The market's expectations for a rate cut reflect growing concerns about the slowing global economy and the potential impact of the ongoing trade war between the United States and China. The Federal Reserve has already cut rates twice this year, in July and September, and traders are betting that the Fed will continue to ease monetary policy in an effort to support economic growth.
