CME FedWatch tool now shows a 54% chance of a September rate hike

Jul 03, 2026

03:47 pm

What's the storyThe recent softer-than-expected jobs data in the US has led to fluctuating expectations for interest rate hikes this year.

Just last week, traders were betting on at least three rate hikes by the Federal Reserve, with the first one in September. However, the latest data has changed these projections.