CME FedWatch: Low Probability of Rate Cut in February, Increased Probability for Cumulative Cuts in March

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2024/01/16 22:23

CME's "FedWatch" data indicates a low probability of the Federal Reserve cutting rates in February, with a 97.4% chance of maintaining rates in the 5.25%-5.50% range and a 2.6% chance of a 25 basis points rate cut. Looking ahead to March, the likelihood of keeping rates unchanged is at 33.1%, while the cumulative probability of a 25 basis points rate cut is 65.2%, and the cumulative probability of a 50 basis points rate cut is 1.7%.

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