CME FedWatch Tool

Stay up-to-date with the latest probabilities of FOMC rate moves with the CME FedWatch Tool.

MEDIA: Please attribute rate probabilities used in your reporting to “CME FedWatch Tool.” 

Countdown to FOMC

The next FOMC meeting is in:

    Note: CME FedWatch Tool calculations are based on scenarios that most commonly occur at scheduled FOMC meetings (unch, hike 25bp, ease 25bp). Unscheduled target rate changes by the FOMC of greater magnitude may not be captured perfectly by this tool and users are reminded that outcomes are indicative only.

*Disclaimer: The data and output from this tool does not constitute investment advice and is not a personal recommendation from CME Group.  Nothing contained herein constitutes the solicitation of the purchase or sale of any futures or options.  Any investment activities undertaken using this tool will be at the sole risk of the relevant investor.  CME Group expressly disclaims all liability for the use or interpretation (whether by visitor or by others) of information contained herein. Decisions based on this information are the sole responsibility of the relevant investor.  Any visitor to this page agrees to hold the CME Group and its affiliates and licensors harmless against any claims for damages arising from any decisions that the visitor makes based on such information.

More in Interest Rates

Tailor Positions with Options on Futures

Use benchmark interest rate and U.S. equity index options to manage risk with more precision and flexibility.

Check out active and upcoming options expirations with the QuikStrike Expiration Calendar Tool.

Clearing Globex ClearPort Product Name Exchange Product Group Subgroup Volume Open Interest
ED GE ED Eurodollar Options CME Interest Rate Stirs 229,328 27,994,120
E2A E2A E2A E-mini S&P 500 Monday Weekly Options - Week 2 CME Equities US Index 226,155 0
E3 GE3 E3 Eurodollar 3yr MC Options CME Interest Rate Stirs 186,873 1,604,839
EW3 EW3 EW3 E-mini S&P 500 Weekly Options - Week 3 CME Equities US Index 170,941 910,023
21 OZN 21 10-Year T-Note Options CBOT Interest Rate US Treasury 155,906 2,276,361
Trade Date: 13 Jul 2020 | PRELIMINARY

View Education

Build your knowledge before you trade.

Key Economic Events - Learn how economic events like FOMC meetings can move markets.

Trading Options During Economic Events - See how options help traders manage risk around FOMC meetings.