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20.03.2023

CME FedWatch Tool suggests that the majority favors 25-basis-point rate hike by Fed this week

According to CME FedWatch Tool, markets are now pricing in a 68.6% chance of a 25-basis-point rate hike by the Federal Reserve on Wednesday.

According to CNBC, economists at Goldman Sachs (GS) are expecting no rate rise at the Fed's March 21-22 meeting, and Citigroup (C) and JP Morgan's (JPM) economists are seeing a 25-basis-point interest rate increase.

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