Fed Decision Eve: 104 Economists Expect No Change; Why Is Citadel Securities Betting on a Surprise Hike?
TradingKey - The Federal Reserve is scheduled to announce its July interest rate decision on July 29, ET. While the federal funds rate target range is currently maintained at 3.5%-3.75%, the level of uncertainty surrounding this meeting is at a high rarely seen since September 2024. Interest rate swap market data indicates a roughly 40% probability of a 25-basis-point rate hike, and the CME FedWatch Tool shows a probability of approximately 36%, up significantly from only about 10% two weeks ago.
TradingKeyTue, Jul 28