CME Predicts Low Chance of Fed Rate Cut for May

The CME ‘FedWatch’ tool indicates only a 10.4% chance of a rate cut by the Federal Reserve in the upcoming May meeting. This prediction, based on Fed Funds futures markets, suggests the central bank is prioritizing controlling inflation over easing monetary policy. Despite this low probability, crypto markets experienced increased volatility with $299 million in liquidations recorded within the last 24 hours. The Fear and Greed Index currently sits at 65, indicating a positive market sentiment. 10.4% chance of rate cut by the Fed: CME ‘FedWatch’ tool reveals.