FedWatch API

For as little as $25/month, get API access to FedWatch data, which tracks and analyzes the probabilities of FOMC rate moves as implied by Fed Funds futures.

Stay up-to-date on potential Federal Funds target rate moves

The FedWatch calculation is the industry standard for translating Fed Funds futures pricing into actionable rate expectations. Get end-of-day snapshots essential for macro analysis, or real-time data to instantly respond to intraday rate expectation changes.

Resources

Real-time data

Access the 60-second probability stream to capture immediate intraday shifts in FOMC expectations, ensuring your high-velocity systems are always informed with the latest market intelligence.

Seamless integration

Easily integrate the JSON-formatted REST API into your systems for an efficient solution, supporting both real-time execution and macro strategies.

High-quality data

Receive high-quality, accurate and secure data directly from CME Group - the source you can trust.

Scalable solution

Our cloud-hosted API offers the scalability necessary to meet all your data needs, supporting high-velocity trading analysis and enterprise risk management.


About the data

Derived from 30-Day Fed Funds futures pricing data, the FedWatch API allows you to integrate the tool's data directly into your systems through a REST API. Now available with extended history dating back to 2015 for robust back-testing.


FedWatch is underpinned by the highly liquid Fed Funds futures market that trades approximately $2.8T notional average daily volume.*

*Data as of October 2025.


The REST API streamlines access to FedWatch data to suit your needs.

  • Algorithmic execution: Drive automated trading decisions, especially during high-volatility events like FOMC announcements or CPI/NFP releases.
  • Duration hedging and risk management: Monitor and dynamically adjust portfolio rate exposure based on real-time market sentiment changes.
  • Macro strategy and forecasting: Integrate market-implied rate expectations directly into proprietary economic models for improved long-term forecasting.
  • Portfolio monitoring: Enhance internal dashboards and reporting with the most accurate, market-derived view of upcoming interest rate possibilities.

Get started

FedWatch Intraday (60-second updates)

For HFT, prop trading and algorithmic execution.

FedWatch End-of-Day ($25/month)

For macro analysis, research and daily reporting.

Contact a Data expert

If you have any questions about the FedWatch API, fill out a form to connect with a member of our Data team.

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