Probability Of Fed Rate Cut In March 2024 Probability

Probability Of Fed Rate Cut In March 2024 Probability. 10, according to cme group's fedwatch tool, market participants' pricing of fed fund futures indicated there is only a 4.7% probability that the fed will cut rates. Futures that settle to the fed's policy rate on wednesday pointed to a little under a 60% chance of a rate cut in march, versus about a 65% chance seen at the close of business.

The cpi reading on thursday will be the next big hurdle for markets. The bureau of labor statistics reported that the consumer price.