its okay you don't understand and there is nothing 100% in the world so they always use the "odds" term... Its not about gambling......
"the CME FedWatch Tool to act as a barometer for the market's expectation of potential changes to the fed funds target rate while assessing potential Fed movements around FOMC meetings."
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
Here is the market prediction or "odds" of 2 rate cut on Sept and Dec 2024. And 3 rate cuts in 2025 hope this make sense to you.
its okay you don't understand and there is nothing 100% in the...
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Last
$1.27 |
Change
-0.040(3.05%) |
Mkt cap ! $1.430B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.26 | $6.973M | 5.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 87782 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 50296 | 2 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.27 |
Change
-0.040 ( 2.51 %) |
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| Open | High | Low | Volume | ||
| $1.29 | $1.32 | $1.26 | 1921880 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| ZIP (ASX) Chart |