CME Group FedWatch: Market expectations for a June rate hike at 62.7%

Eren Sengezer FXStreet

According to the CME Group FedWatch Tool, which calculates unconditional probabilities of Federal Open Market Committee (FOMC) meeting outcomes to generate a binary probability tree, the likelihood of a June rate hike is at 62.7%, higher from yesterday's 58.9% but slightly lower from the daily high of 63.5%.

Most Federal Reserve officials reiterated their outlook for gradual interest-rate increases according to minutes of the Federal Open Market Committee’s March 14-15 meeting released Wednesday.They also suggested that a change to the committee’s reinvestment policy would likely be appropriate later this year, supporting the recent statements by FED officials.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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