According to CME's FedWatch tool, the probability that the Federal Reserve keeps its benchmark rate unchanged in September is currently 64.3%, while the chance of a 25-basis-point hike stands at 35.7%. Fed Chair Kevin Warsh is scheduled to deliver his first Jackson Hole speech at 22:00 Beijing time tonight. Market participants are closely watching whether his remarks will offer any clues on the policy direction for the September 15-16 meeting. The data reflects traders' expectations as of August 28.
According to CME's FedWatch tool, the probability of the Fed keeping rates unchanged in September is 64.3%, while the odds of a 25-basis-point rate hike are 35.7%.
Fed Chair Kevin Warsh will deliver his first Jackson Hole speech at 22:00 Beijing time tonight. Markets are watching whether he will signal a policy move for the September 15-16 meeting.
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