๐ According to CME Fedwatch from the Chicago Mercantile Exchange, traders are making predictions for the upcoming FOMC meeting in November. ๐ฆ
๐ They currently anticipate a 73.7% probability that the U.S. Federal Reserve will maintain the benchmark interest rate without any changes. ๐
๐ A 26.3% probability is assigned to a 25 basis point (baby step) increase. ๐ #FedInterestRate #MarketPredictions #CMEFedwatch ๐บ๐ธ๐