Fed Funds Futures Explained: How Markets Price Rate Cuts
Fed funds futures let traders bet on the path of the overnight rate. Here is how the contract works, and how CME FedWatch turns prices into cut probabilities.
Fed funds futures let traders bet on the path of the overnight rate. Here is how the contract works, and how CME FedWatch turns prices into cut probabilities.
Kevin Warsh’s second FOMC meeting begins today with the fed funds rate at 3.50-3.75% and PCE at 4.1%. Here is what bond investors are watching.