‘Fed Watch’ tool now shows more than 90% chance the FOMC remains on hold in September

The next Federal Open Market Committee (FOMC) decision is due on September 20 and will also include and updated Summary of Economic Projections.

The CME ‘Fed Watch’ tool shows markets are pricing a 93% probability of no change to to the Fed Funds rate at this meeting.

This article was written by Eamonn Sheridan at www.forexlive.com. Source