CME FedWatch Shows Markets Expect Federal Reserve to Hold Rates in April

According to CME FedWatch (interest-rate probability tracker), traders assign a 99.5% chance to no April rate change, with June cut odds still limited.

Summary

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Terms & Concepts
  • Basis point: A unit equal to 0.01 percentage points, commonly used to describe interest-rate changes by central banks.
  • CME FedWatch: A market-based tool from CME Group that estimates probabilities of Federal Reserve rate decisions using futures pricing.
  • Federal Reserve: The central bank of the United States, responsible for monetary policy including benchmark interest-rate decisions.