CME FedWatch Shows Limited Rate Cut Odds for Early 2025
The CME FedWatch tool projects modest probabilities for U.S. Federal Reserve rate cuts in January and March, with markets largely expecting no change.
Summary
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Terms & Concepts
CME FedWatch: A market-based tool by the Chicago Mercantile Exchange that tracks probabilities of U.S. Federal Reserve interest rate changes using Fed funds futures prices.
bps (basis points): A unit equal to one hundredth of a percentage point, commonly used to express changes in interest rates.