According to a report cited by ChainCatcher from Jin10, CME FedWatch data shows the Federal Reserve is still more likely than not to deliver a rate increase by September. The probability of rates remaining unchanged through September stands at 26.4%, while the probability of a cumulative 25-basis-point hike is 73.6%.
For October, the data points to a wider range of outcomes. The probability that the Fed keeps rates unchanged through October is 19.9%. The probability of a cumulative 25-basis-point increase stands at 62.1%, and the probability of a cumulative 50-basis-point increase is 17.9%.
The figures reflect current market pricing in CME FedWatch, as cited in the report.
ChainCatcher, citing Jin10, reported that CME FedWatch shows a 26.4% probability that the Federal Reserve will keep rates unchanged through September, versus a 73.6% probability of a cumulative 25-basis-point hike.
By October, the probability of no rate change stands at 19.9%. The probability of a cumulative 25-basis-point hike is 62.1%, while the probability of a cumulative 50-basis-point hike is 17.9%.
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