According to a report cited by ChainCatcher from Jin10, CME FedWatch data shows the Federal Reserve is more likely than not to deliver a cumulative 25 basis point rate hike by September. The probability of rates staying unchanged through September stands at 36.6%, while the probability of a cumulative 25 basis point increase is 63.4%.
For October, the same CME FedWatch reading shows a 26.9% probability that rates will remain unchanged. The probability of a cumulative 25 basis point increase is 56.3%, and the probability of a cumulative 50 basis point increase is 16.9%.
The figures reflect market-implied expectations tracked by CME FedWatch, as cited in the Jin10 report referenced by ChainCatcher.
ChainCatcher, citing Jin10, reported that CME FedWatch shows a 36.6% probability that the Federal Reserve will keep rates unchanged through September, while the probability of a cumulative 25 basis point rate hike stands at 63.4%.
By October, the probability of rates remaining unchanged is 26.9%. The probability of a cumulative 25 basis point increase is 56.3%, while the probability of a cumulative 50 basis point increase is 16.9%.
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