CME's FedWatch Indicates High Probability of 50 Basis Point Rate Cut in September
CryptoNewsTerminal Staff05 Aug, 2024
CME's FedWatch Indicates High Probability of 50 Basis Point Rate Cut in September
CME Group's FedWatch tool is indicating a soar in the chances of a 50 basis point rate cut by the Federal Reserve at its September FOMC meeting. As of now, the probability stands at 83.5%, a significant jump from the 11.4% recorded just a week prior. The market participants who rely on this tool also estimate a 16.5% chance of a 25 basis point cut, while the odds of no change remain negligible.
