
CME FedWatch: October rate hike odds near 10%, market expects a hold
- —Odds of a 25 bps October hike stand at about 10%
- —The FOMC meeting is set for October 27–28
- —Rate decision and press conference are due October 28
- —Pricing is derived from fed funds futures
Why it matters: A Fed hold would ease pressure on risk assets including bitcoin, though clarity will only come after the October 28 decision.
Source: TokenPost