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CME FedWatch Shows 95.9% Odds of Unchanged Federal Reserve Rates in April

CME FedWatch (interest-rate probability tracker) data indicates expectations for a steady April decision, while the implied chance of a 25 basis point hike dropped sharply between March 23 and March 29.

Summary

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Terms & Concepts
  • CME FedWatch: A market-based tool that estimates the probability of future Federal Reserve interest-rate decisions using futures pricing.
  • Basis point: A unit equal to one-hundredth of a percentage point, commonly used to describe interest-rate changes.