CME FedWatch Tool Signals Higher Probability of 50 Basis Point Rate Hike After Powell Speech.

Following Chairman Powell’s speech, the CME FedWatch Tool has displayed an elevated likelihood of the Federal Reserve increasing interest rates by 50 basis points on March 22nd. Specifically, the probability has surged from 32% prior to the speech to 54% subsequently. Additional details can be found at the provided web address.

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