CME FedWatch: Fed Holding Interest Rates Steady in August, with 95.3% Probability

IconCryptoNewsTerminal Staff05 Jul, 2024

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CME FedWatch: Fed Holding Interest Rates Steady in August, with 95.3% Probability

The CME FedWatch tool of the Chicago Mercantile Exchange now indicates a 95.3% chance that the Federal Reserve will keep interest rates unchanged at its August meeting. This represents an increase from the 91.2% probability that was predicted before the release of the latest nonfarm payrolls report. The CME FedWatch tool also shows that the probability of the Fed maintaining interest rates through September has decreased slightly to 24.8%, from 27.4% before the report's release.

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