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CME FedWatch Tool

CME Group's online tool that converts fed funds futures prices into market-implied probabilities of Federal Reserve rate changes at upcoming FOMC meetings.

Known aliases

  • CME Fed Watch tool

Current stories

investOne report1 publisher

Dollar index heads for a 0.45% weekly fall as focus turns to US rate outlook and Iran worries fade

The dollar index is set for a 0.45% weekly fall, CNA reported, yet it rose on Wednesday when tech stocks sold off. The case that AI stress no longer lifts the dollar rests on one session and a conditional forecast.

Reality

Evidence58
Adoption
Not scored
Hype gap+12
Incentives
Not scored
Confidence60
investOne report1 publisher

Dollar eases from an 18-month high as traders price a Fed pause now and 75bp of hikes later

Dollar index slid 0.25% to 102.29 on Tuesday, just under its 18-month high, as traders bet Middle East tension stays contained before the midterms. Wednesday's CPI tests a Fed priced at an 80% hold this month and 75bp of tightening by late 2027.

Reality

Evidence62
Adoption
Not scored
Hype gap+5
Incentives
Not scored
Confidence65
investConfirmed3 publishers

Payroll revisions shift the case for another Fed hike onto inflation

BLS revisions cut 60,000 jobs from July and August payrolls, turning July into a 10,000 loss, before September added just 29,000. With August PCE inflation at 3.4%, the case for another hike after the Fed's September move to 3.75%-4% now rests mostly on prices.

Perspective Coverage

3 publishers
Builder
Builder 7%
Operator
Operator 15%
Investor
Investor 78%

Reality

Evidence72
Adoption
Not scored
Hype gap+10
Incentives55
Confidence66
investOne report1 publisher

Nasdaq rises 0.45% for the week, led by AI demand, as payrolls miss by 55,000

September payrolls of 29,000, against an 84,000 consensus, lifted the Nasdaq 1.2% on Friday and turned a losing week into a 0.45% gain. Every major index was down through Thursday, so the AI-led advance depends on the Fed staying on hold.

Publishers:cnbc.com

Reality

Evidence55
Adoption
Not scored
Hype gap+20
Incentives70
Confidence50
investOne report1 publisher

Fed hike odds hit 92.7% as Trump says oil will drop like a rock

Bitcoin gained about 3% to $79,000 and took back its 50-week average at $77,430 after Trump said Iran wants a deal. Crude dipped but held above $100, and CME's FedWatch tool puts Wednesday's quarter-point hike at 92.7%.

Reality

Evidence46
Adoption
Not scored
Hype gap+18
Incentives62
Confidence43