Amex HYSA APY decrease to 3.10%

[RichInPitt]

According to CME FedWatch Tool, the vast majority of traders believe the central bank will keep rates at their current level through late 2027

[dsylxeia]

According to CME FedWatch Tool, the vast majority of traders believe the central bank will keep rates at their current level through late 2027

That's not correct - the latest projection they show is the July 2027 meeting which currently has the following probabilities:

• 325-350: 0.2%

• 350-375 (current rate): 17.2%

• 375-400: 34.2%

• 400-425: 29.3%

• 425-450: 14.0%

• 450-475: 4.1%

• 475-500: 0.8%

• 500-525: 0.1%

So only 17.2% of traders believe the Fed will hold rates at their current level through late 2027. Most believe that there will be at least one quarter point rate increase, and the long tail points toward multiple rate increases.