| MEETING INFORMATION | |||||
|---|---|---|---|---|---|
| Meeting Date | Contract | Expires | Mid Price | Prior Volume | Prior OI |
| PROBABILITIES | ||
|---|---|---|
| Ease | No Change | Hike |
TARGET RATE PROBABILITIES FOR FED MEETING
| MEETING INFORMATION | |||||
|---|---|---|---|---|---|
| Meeting Date | Contract | Expires | Mid Price | Prior Volume | Prior OI |
| PROBABILITIES | ||
|---|---|---|
| Ease | No Change | Hike |
TARGET RATE PROBABILITIES FOR EUR MEETING
| MEETING INFORMATION | |||||
|---|---|---|---|---|---|
| Meeting Date | Contract | Expires | Mid Price | Prior Volume | Prior OI |
| PROBABILITIES | ||
|---|---|---|
| Ease | No Change | Hike |
TARGET RATE PROBABILITIES FOR JPY MEETING
| MEETING INFORMATION | |||||
|---|---|---|---|---|---|
| Meeting Date | Contract | Expires | Mid Price | Prior Volume | Prior OI |
| PROBABILITIES | ||
|---|---|---|
| Ease | No Change | Hike |
TARGET RATE PROBABILITIES FOR GBP MEETING
| MEETING INFORMATION | |||||
|---|---|---|---|---|---|
| Meeting Date | Contract | Expires | Mid Price | Prior Volume | Prior OI |
| PROBABILITIES | ||
|---|---|---|
| Ease | No Change | Hike |
TARGET RATE PROBABILITIES FOR AUD MEETING
| MEETING INFORMATION | |||||
|---|---|---|---|---|---|
| Meeting Date | Contract | Expires | Mid Price | Prior Volume | Prior OI |
| PROBABILITIES | ||
|---|---|---|
| Ease | No Change | Hike |
TARGET RATE PROBABILITIES FOR CAD MEETING
| MEETING INFORMATION | |||||
|---|---|---|---|---|---|
| Meeting Date | Contract | Expires | Mid Price | Prior Volume | Prior OI |
| PROBABILITIES | ||
|---|---|---|
| Ease | No Change | Hike |
TARGET RATE PROBABILITIES FOR CHF MEETING
| MEETING INFORMATION | |||||
|---|---|---|---|---|---|
| Meeting Date | Contract | Expires | Mid Price | Prior Volume | Prior OI |
| PROBABILITIES | ||
|---|---|---|
| Ease | No Change | Hike |
TARGET RATE PROBABILITIES FOR NZD MEETING
| FED FUND FUTURES | ||||
|---|---|---|---|---|
| ZQF5 | ZQG5 | ZQK5 | ZQM5 | ZQN5 |
| 95.67 | 78.80 | 95.67 | 95.71 | 95.67 |
| FED RATE VIEWER TOOL - CONDITIONAL MEETING PROBABILITIES | ||||
|---|---|---|---|---|
| MEETING DATE | 0-250 | 375-400 | 400-425 | 425-450 |
| 2025-03-19 | 0 % | 0 % | 2.5 % | 97.5 % |
| 2025-04-23 | 52 % | 0 % | 0 % | 0 % |
| 2025-05-07 | 0 % | 0 % | 5.2 % | 94.8 % |
| 2025-06-18 | 0 % | 1.1 % | 32.6 % | 66.3 % |
| 2025-07-30 | 0 % | 0 % | 20.7 % | 79.3 % |
| FED FUND FUTURES |
|---|
| ZQG5 |
| 95.67 |
| FED RATE VIEWER TOOL - CONDITIONAL MEETING PROBABILITIES | ||
|---|---|---|
| MEETING DATE | 0-250 | 250-325 |
| 2025-03-25 | 5 % | 53.30 % |
| FED FUND FUTURES |
|---|
| ZQH5 |
| 95.67 |
| FED RATE VIEWER TOOL - CONDITIONAL MEETING PROBABILITIES | ||
|---|---|---|
| MEETING DATE | 0-250 | 250-325 |
| 2025-03-25 | 20 % | 45 % |
| FED FUND FUTURES |
|---|
| ZQM5 |
| 95.67 |
| FED RATE VIEWER TOOL - CONDITIONAL MEETING PROBABILITIES | |
|---|---|
| MEETING DATE | 0-250 |
| 2025-03-25 | 54 % |
| FED FUND FUTURES |
|---|
| ZQL5 |
| 95.67 |
| FED RATE VIEWER TOOL - CONDITIONAL MEETING PROBABILITIES | |
|---|---|
| MEETING DATE | 245-250 |
| 2025-05-21 | 63.97 % |
| FED FUND FUTURES |
|---|
| ZQG5 |
| 95.67 |
| FED RATE VIEWER TOOL - CONDITIONAL MEETING PROBABILITIES | |
|---|---|
| MEETING DATE | 0-250 |
| 2025-03-25 | 4 % |
| FED FUND FUTURES |
|---|
| ZQH5 |
| 45.30 |
| FED RATE VIEWER TOOL - CONDITIONAL MEETING PROBABILITIES | |
|---|---|
| MEETING DATE | 0-250 |
| 2025-03-25 | 43.97 % |
| FED FUND FUTURES |
|---|
| ZQM5 |
| 33.00 |
| FED RATE VIEWER TOOL - CONDITIONAL MEETING PROBABILITIES | |
|---|---|
| MEETING DATE | 0-250 |
| 2025-03-25 | 56 % |
FOMC PARTICIPANTS' ASSESSMENTS OF APPROPRIATE MONETARY POLICY: "DOT PLOT"
Blue dots indicate the median projection. Data is based on the economic projections published on December 18, 2024. Red dots indicate the effective rate implied by the year-end Fed Fund future price.
| TARGET RATE | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| 2.375 | 1 | 1 | 1 | |
| 2.500 | 1 | |||
| 2.625 | 1 | 1 | ||
| 2.750 | 1 | 1 | 1 | |
| 2.875 | 1 | 2 | 4 | |
| 3.000 | 3 | |||
| 3.125 | 1 | 4 | 7 | 1 |
| 3.375 | 1 | 5 | 1 | 1 |
| 3.500 | 2 | |||
| 3.625 | 3 | 4 | 4 | 2 |
| 3.75 | 1 | 1 | ||
| 3.875 | 10 | 3 | 2 | 1 |
| 3.950 | 1 | |||
| 4 | 1 | |||
| 4.125 | 3 | |||
| 4.375 | 1 |
