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CME
Chicago Mercantile Exchange.
Example Sentences
This will come as no surprise given that the fed-funds futures market placed a 96.7% probability on this outcome on Friday, according to the CME FedWatch site External link.
The CME Group’s FedWatch tool sees the fed-funds rate falling to between 3.5% and 3.75% by the end of the year, and to between 3.75% and 3% by September of 2026.
Futures traders see a roughly 97 percent chance that the Fed will announce a quarter-point cut on Wednesday, lowering its benchmark lending rate to between 3.75 and 4.00 percent, according to CME Group data.
In August, FanDuel joined with exchange operator CME Group to develop a trading platform similar to Kalshi’s.
The CME Group’s FedWatch tool suggests markets are pricing in two quarter point reductions between now and the end of the year, taking it to between 3.5% and 3.75%.
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