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CME FedWatch Tool shows a (nearly) two-thirds chance of an FOMC July rate hike

This is based on the probabilities of changes to the Fed Funds rate and U.S. monetary policy, as implied by 30-Day Fed Funds futures pricing data.For the June meeting, later today on Wednesday, 14 June 2023 its showing 100% for no change, for Fed Funds to stay in the 5 - 5.25% range. The July meeting, however, is still very much live at this stage:By the time the July meeting comes around we'll have had another CPI reading for the US. This is likely to show inflation falling further, so I expect... Read More

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Posted: Jun 14 2023, 00:32

Author Name: forexlive

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