CME Group: Prediction that the Fed will maintain interest rates in August!

Bittime - According to CME Group predictions, there is an 89.7 percent probability that the Federal Reserve will maintain interest rates until August 2024. This analysis shows market stability amidst global economic uncertainty.

CME Group Predicts The Fed Will Maintain Interest Rates

For market players and investors who continue to observe the movement of the US Central Bank's monetary policy, predictions from the CME Group FedWatch on June 23 2024 show that the probability that the Federal Reserve (The Fed) will keep interest rates unchanged at the next FOMC meeting is 89.7%, while the probability of cutting interest rates by 25 basis points is only 10.3%.

CME Group Prediction Analysis

The CME Group FedWatch Tool is highly regarded by market participants for its level of accuracy in predicting Federal Reserve interest rate decisions. With a probability of 89.7%, the market is almost certain that the Federal Reserve will not change interest rates in August 2024.

This indicates stable market sentiment despite some economic uncertainty. Analysts say the Federal Reserve will likely keep interest rates on hold to maintain economic stability and control inflation.

Factors Influencing the Fed's Decisions

The following factors influence the Fed's decision:

• Inflation: The Federal Reserve tends to keep interest rates on hold because inflation is under control. There is no urgent need to change interest rates unless inflation falls below the 2 percent target.
• Labor Market: Stable job growth and low unemployment rates also support a fixed interest rate policy.
• Economic growth: The Federal Reserve is unlikely to change interest rates significantly if economic growth matches projections.
• Global Uncertainty: The Federal Reserve's decision to hold interest rates steady could be influenced by global economic uncertainty, such as trade conflicts and geopolitical tensions.

How Does It Impact Financial Markets?

Financial markets are heavily influenced by the Federal Reserve's predictions to maintain interest rates. The stability of stock and bond markets is an example of how investors feel calmer and more confident, and fixed interest rates also affect the US dollar exchange rate, which can impact international trade.

Conclusion

With an 89.7% probability that the Federal Reserve will hold interest rates at its August 2024 FOMC meeting, market players can rest assured that monetary policy will remain stable in the near term, according to data from CME Group FedWatch. This enables economic growth and investment in the long term.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.