CME FedWatch: 66% Probability of a 25-Basis-Point Rate Hike at the Fed’s September Meeting

iconKuCoinFlash
Share
AI summary iconSummary
CME FedWatch data shows a 66% probability of a 25-basis-point rate hike at the Fed’s September meeting, pushing the target range to 3.75%-4.00%. The Fed has been raising rates since 2022 to combat inflation. Fed Chair Kevin Warsh pointed to 12-month and 6-month PCE inflation readings of 3.7% and 4.1%, respectively, both above the 2% target. Barclays anticipates two additional hikes this year, totaling 50 basis points. Traders are advised to monitor altcoins as monetary policy shifts.

Odaily Planet Daily report: According to data from the CME FedWatch tool, as of 11:40 AM Eastern Time on August 31, there is a 66% probability that the Federal Open Market Committee (FOMC) will raise the target range for the federal funds rate by 25 basis points to 3.75%–4.00% at its September meeting.

Since 2022, the Federal Reserve has raised interest rates to combat rising inflation. At the recent Jackson Hole symposium, Federal Reserve Chair Kevin Warsh stated that the 12-month and 6-month increases in the Personal Consumption Expenditures (PCE) price index were 3.7% and 4.1%, respectively, both above the 2% target, and that the current priority should be controlling prices.

Barclays expects the Federal Reserve to raise rates twice this year, in September and December, for a total increase of 50 basis points, raising the federal funds rate target range by 50 basis points from current levels. (Forbes Digital Assets)

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.