CME's FedWatch Reports 97.9% Probability of Fed Keeping Rates Steady in July

Traders now estimate a 75% chance of a 25 basis point rate cut in September, reflecting changing market expectations following recent employment data.

Summary

Traders believe there is a 75% likelihood of the Federal Reserve cutting rates by 25 basis points in the September meeting, an increase from 45% prior to the employment report's release. This shift indicates changing market expectations on monetary policy.

Terms & Concepts