Significant Shift in FOMC Interest Rate Hike Predictions

Following the recent round of bailouts, the CME FedWatch Tool indicates a significant shift in the United States Federal Reserve’s Federal Open Market Committee (FOMC) forecast for a potential 50 basis point rate increase within the next nine days. Yesterday, this probability stood at 40%, but has since declined to 17.4%. Instead, there is now an 82.6% likelihood of a 25 basis point interest rate hike.