CME Data Shows 97.3% Chance Fed Will Hold Interest Rates in March
According to CME FedWatch data on March 11, traders assign only a 2.7% probability to a 25 basis point rate cut, signaling expectations of continued monetary stability.
Summary
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Terms & Concepts
CME FedWatch: A tool by CME Group (Chicago Mercantile Exchange) that tracks market-implied probabilities of U.S. Federal Reserve interest rate changes based on futures pricing.
basis point: A unit equal to one hundredth of a percentage point, commonly used to describe changes in interest rates.