#fedwatch is not a prediction engine from the Federal Reserve — it’s a market consensus gauge based on futures trading that tells you what investors think the Fed will do next. It’s widely used in financial news and trading to assess interest rate expectations in real time.

If you want the latest probability for a specific Fed date (e.g., the next FOMC meeting), tell me the date you’re interested in and I can look up the current FedWatch numbers for you.