At its meeting on December 16, 2008, the Federal Open Market Committee (FOMC) announced a new policy target range for the federal funds rate of zero to one-quarter of one per percent. In making this announcement, the FOMC effectively has adopted a zero interest rate policy (ZIRP). In response, CME Group has decided to temporarily suspend publication of the CME Group Fed Watch during this rate environment period.

Read the FOMC December 16, 2008 policy announcement

If you have questions, please contact Daniel Grombacher, Director, Financial Research and Development at 312-634-1583.