Ahead of the Federal Open Market Committee statement, CME FedWatch data showed the market assigning a 70.6% probability that the Federal Reserve will leave rates unchanged at today’s meeting, while the probability of a cumulative 25 basis point hike stood at 29.4%.
The same data also outlined expectations for September. The probability that the Fed will still be holding rates unchanged by then was 17.8%. Markets were pricing in a 60.2% chance of a cumulative 25 basis point increase by September, and a 22% chance of a cumulative 50 basis point increase.
The figures were cited by Odaily and attributed to Jin10, based on CME’s FedWatch tool.
Odaily reported, citing CME FedWatch, that ahead of the FOMC statement, the probability of the Federal Reserve keeping rates unchanged today stood at 70.6%, while the probability of a cumulative 25 basis point hike was 29.4%.
The same data showed that by September, the probability of rates remaining unchanged was 17.8%. Markets were pricing in a 60.2% chance of a cumulative 25 basis point increase and a 22% chance of a cumulative 50 basis point increase.
The figures were attributed to Jin10.
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