Will the Federal Reserve Raise Interest Rates? Here Is What Experts Predict for July's Meeting.
Economists still expect the central bank to hold its benchmark rate steady, while CME FedWatch puts a 38% chance of a hike next week.
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5 Articles
Federal Reserve Board Concludes Meeting
DepositPhotos image The Federal Reserve Board concludes their two-day July meeting a week from today, with no move expected in interest rates. CME FedWatch Tool shows an 83% chance the Fed will leave rates unchanged, still a 17% chance of a small rate hike. Now, the Fed doesn’t meet in August. CME, though, is looking for some action at the September 15th-16th meeting, now showing a 35% chance of no change in rates, but a 65% chance of a quarter-…
According to ChainCatcher, citing Jinshi, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 85.6%, and the probability of a cumulative 25 basis point rate hike is 14.4%. By September, the probability of keeping interest rates unchanged is 38.5%, the probability of a cumulative 25 basis point rate hike is 53.5%, and the probability of a cumulative 50 basis point rate hike is 7.9%.
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