Traders See the Odds of a Fed Rate Cut by September at 100%
The probabilities are based on trading in CME Fed Funds futures contracts.
In the second quarter of 2024, the daily average trading volume in the international market of CME reached a record-breaking 7.8 million contract shares.
According to the Wisdom Financial APP, the global leading derivative market CME recently announced that its quarterly international market average daily trading volume reached a record high of 7.8 million contracts in the second quarter of 2024, a year-on-year increase of 23%.
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Unsatisfied with the 25 basis points, traders are starting to bet that the Federal Reserve will make a big move to cut interest rates by 50 basis points in September.
Bond traders are increasing their bets on the Fed cutting rates by 50 basis points in September, rather than the standard 25 basis points. This is evident in the federal funds futures market. The weaker-than-expected inflation data released on Thursday has triggered a buying frenzy in October, which continued on Friday. Contracts expiring on October 31 have already fully digested the expectation that policymakers will cut rates by 25 basis points at the September 18 meeting. Any bid at higher price levels implies that more people may believe that the Fed may launch the first easing cycle in years with a decisive move. Positions also benefit from
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CME Group and CF Benchmarks to Launch Two New Cryptocurrency Reference Rates and Real-Time Indices on July 29
CHICAGO and LONDON, July 11, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, and CF Benchmarks, the leading provider of cryptocurrency benchmark indices, today announced
Keefe Bruyette & Woods Adjusts Price Target on CME Group to $212 From $226, Maintains Market Perform Rating
CME Group (CME) has an average outperform rating and a price target range of $187 to $250, according to analysts polled by Capital IQ.
Express News | Barclays Maintains Equal-Weight on CME Gr, Lowers Price Target to $208
CME Gr Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/10/2024 7.45% Barclays $228 → $208 Maintains Equal-Weight 07/09/2024 21.4% Piper Sandler $250 → $235
Barclays Adjusts Price Target on CME to $208 From $228
CME (CME) has an average outperform rating and price target range of $187 to $250, according to analysts polled by Capital IQ.Price: 194.50, Change: -0.12, Percent Change: -0.06
Jefferies Maintains CME Group(CME.US) With Buy Rating, Cuts Target Price to $223
Jefferies analyst Daniel Fannon maintains $CME Group(CME.US)$ with a buy rating, and adjusts the target price from $239 to $223.According to TipRanks data, the analyst has a success rate of 65.7%
Jefferies Sticks to Its Buy Rating for CME Group (CME)
Barclays Maintains CME Group(CME.US) With Hold Rating, Cuts Target Price to $208
Barclays analyst Benjamin Budish maintains $CME Group(CME.US)$ with a hold rating, and adjusts the target price from $228 to $208.According to TipRanks data, the analyst has a success rate of 65.8%
Express News | CME Group Inc : Jefferies Cuts Target Price to $223 From $239
Deep Dive Into CME Gr Stock: Analyst Perspectives (8 Ratings)
8 analysts have expressed a variety of opinions on CME Gr (NASDAQ:CME) over the past quarter, offering a diverse set of opinions from bullish to bearish.The table below provides a concise overview