Back

Markets price 36.3% chance of Fed rate hike at July 29 meeting

CME FedWatch shows traders assigning a roughly one-in-three probability to additional tightening ahead of the upcoming FOMC decision.

Summary

Markets are assigning a 36.3% probability that the Federal Reserve will raise interest rates at its July 29 meeting, based on CME FedWatch data. The reading offers a real-time snapshot of how traders are positioning ahead of the FOMC (Federal Open Market Committee, the Fed's policy-setting group) decision, with FedWatch probabilities derived from interest-rate futures pricing.

Terms & Concepts
  • FOMC: Federal Reserve group that sets monetary policy
  • CME FedWatch: Tool tracking Fed rate expectations from futures markets