CoinScoopProbability of Fed rate hike in October rises to 69.7%
According to CME FedWatch data on September 24, the probability of the Federal Reserve maintaining the current interest rate range of 3.75%-4.00% in October is 30.3%, while the likelihood of a 25 basis point hike has increased to 69.7%. Market forecasts suggest a 54.8% probability of a cumulative 50 basis point hike by the end of the year.
Summaries are written by AI from the original article. Not investment advice.