Market actively prices in expectations of two rate hikes by year-end after Fed decision

CoinFeed, June 18 - According to Jinshi, the CME "FedWatch" shows: The probability that the Fed keeps rates unchanged in July is 64.0% (91.0% before the decision), the probability of a cumulative 25 basis point hike is 35.1% (8.9% before the decision), and the probability of a cumulative 50 basis point hike is 1% (0% before the decision). The probability that the Fed keeps rates unchanged through December is 14.2% (38.2% before the decision), the probability of a cumulative 25 basis point hike is 36.4% (43.0% before the decision), the probability of a cumulative 50 basis point hike is 33.8% (16.2% before the decision), the probability of a cumulative 75 basis point hike is 13.5% (2.4% before the decision), and the probability of a cumulative 100 basis point hike is 2.1% (0.1% before the decision).