CME Points to Scenario for Upcoming Federal Reserve Interest Rate Decisions
As reported by ChainCatcher, CME's "FedWatch" tool shows a 24.4% chance that the Federal Reserve will reduce the base rate by 25 basis points in January of next year, while the probability of maintaining current levels is 75.6%.
For March, the possibility of an accumulated cut of 25 basis points rises to 40.4%, and the chance that the Fed will keep rates as they are is 52%. Additionally, the market is pricing in a 7.6% probability of a total cut of 50 basis points by that month.
