CME FedWatch: Fed Projected to Keep Rates Unchanged

IconCryptoNewsTerminal Staff23 May, 2024

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CME FedWatch: Fed Projected to Keep Rates Unchanged

The CME FedWatch tool predicts a 98.5% likelihood that the Federal Reserve (Fed) will maintain interest rates at their current level during its upcoming meeting on June 12. This suggests that traders anticipate no change in the Fed's stance on monetary policy. Only a 1.5% probability is assigned to a 25 basis point interest rate hike, indicating a widespread expectation of stability in the financial markets.

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