Fedwatch: Chances of another rate hike before year-end at 20%

By FXStreet Based on CME Group 30-Day Fed Fund futures prices, which expresses the market’s views on the likelihood of changes in U.S. monetary policy, is currently pricing the chances of a rate hike by the Fed in March at 0%, while April chances are 2%, with May at 5%, and 20% before year-end.

As reported by Bloomberg, “when assessing the probability implied by trading in eurodollar options of an interest-rate cut at the Federal Open Market Committee’s meeting in March is about 8 percent, while the chances of a reduction by its September meeting are nearly four times that.”
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Source:: FX Street