The CME FedWatch Tool showed 33% odds of a 25-basis point rate hike at the US Fed's May meeting. The rate is expected to be 3.96% at the end of the year.
Economists at Barclays Bank expect the Fed to raise rates by another 25 basis points in May, bringing the benchmark rate to 5.00-5.25%.
After its May meeting, the US Fed will pause rate hikes and maintain that range for the rest of the year.
Barclays: US Fed to Raise Rates by Another 25 Basis Points at May Meeting
The CME FedWatch Tool showed 33% odds of a 25-basis point rate hike at the US Fed's May meeting.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn