CME FedWatch data showed traders assigning a 40.6% probability to a Federal Reserve rate increase at the July 29 policy meeting.
Markets are pricing in a 40.6% probability that the Federal Reserve will raise interest rates at its July 29 meeting, based on CME FedWatch, a tool that tracks rate expectations through futures pricing. The reading offers a real-time snapshot of how traders are positioning around upcoming U.S. monetary policy decisions, which can influence risk assets including cryptocurrencies.