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

According to CME Group predictions, there is an 89.7 percent probability that the Federal Reserve will maintain interest rates until August 2024.

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

 - 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%.

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.

The following factors influence the Fed's decision:

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.

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.

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