Summary
- According to the Chicago Mercantile Exchange (CME) FedWatch, market participants are pricing in a 98.9% probability of holding rates steady in March.
- By contrast, the probability of a 0.25-percentage-point rate hike was limited to 1.1%.
- This is seen as reflecting market expectations that the Fed will maintain its interest-rate policy for the time being amid recent inflation and economic indicator trends.
Forecast Trend Report by Period
The U.S. Federal Reserve (Fed) is seen as overwhelmingly likely to keep its benchmark rate unchanged at the March FOMC meeting.
According to the Chicago Mercantile Exchange (CME) FedWatch on the 18th (local time), market participants are pricing in a 98.9% probability of a March rate hold.
By contrast, the probability of a 0.25%-point rate hike stood at 1.1%.
This is interpreted as reflecting market expectations that the Fed will maintain its current policy stance for the time being amid recent inflation and economic data trends.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
