CME FedWatch: 93.5% Chance of 25bps Rate Cut in September
CryptoNewsTerminal Staff31 Jul, 2024
CME FedWatch: 93.5% Chance of 25bps Rate Cut in September
According to the CME FedWatch tool, traders see a 93.5% chance that the Federal Reserve will cut interest rates by 25 basis points at its September FOMC meeting. The Fed held rates steady at its meeting earlier today. This would be the second rate cut this year, following a quarter-point reduction in July. The Fed is widely expected to cut rates again in September as it seeks to boost economic growth and inflation. The CME FedWatch tool is a widely-followed measure of market expectations for Fed policy. It uses data from futures contracts to calculate the probability of different interest rate outcomes.
