CME FedWatch Prices 72.3% Chance of Quarter-Point Fed Hike in September
JH Kim
Summary
- CME FedWatch showed a 72.3% probability that the Federal Reserve will raise its benchmark interest rate by 25 basis points at the September FOMC meeting.
- The probability of the benchmark interest rate being left unchanged was 26.6%.
- The probability of a 50 basis-point hike was 1.2%.
Forecast Trend Report by Period
CME FedWatch showed on July 29 that traders assigned a 72.3% probability to the Federal Reserve raising its benchmark interest rate by 25 basis points at the September Federal Open Market Committee meeting.
The probability of the Fed holding rates steady was 26.6%, while the odds of a 50 basis-point increase were 1.2%.
JH Kim
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