Fed Rate Cut Expectations Rise: CME Sees 91% Probability for September Action

The CME FedWatch Tool now suggests a high probability of a 25 basis point rate cut at the September FOMC meeting, with an 88.4% likelihood derived from futures pricing data. This signals that markets are increasingly anticipating a shift in monetary policy, potentially influencing cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The CME Group’s FedWatch Tool offers valuable insights into market expectations by using its expertise in rate derivatives to gauge the probability of upcoming changes in rates.