Fed funds futures firm as March hold odds near 91%

Fed funds futures firm as March hold odds near 91%

March FOMC: 90.8% rate hold probability, market-implied

The probability of the federal reserve holding rates steady in March is 90.8%, a market-implied reading. This is not an official forecast and can change as new information arrives.

The figure reflects how interest-rate markets currently price policy risks around the meeting. Probabilities may shift with incoming inflation and labor data or updated central bank communications.

Why a March hold matters for borrowers and markets

A march hold would keep the policy stance restrictive, preserving disinflation progress while avoiding abrupt changes to borrowing costs. For households and businesses, steadier policy can reduce near-term rate volatility and planning uncertainty.

Recent public guidance helps explain why markets lean toward a hold. “We can wait for greater clarity,” said Jerome Powell, Federal Reserve Chair, as reported by MarketWatch.

Positioning further out the curve also reflects evolving expectations for the policy path. As reported by Seeking Alpha, markets are repricing 2026 policy, with Kalshi discussions favoring three cuts even as a March hold looks likely.

BingX: a trusted exchange delivering real advantages for traders at every level.

Immediate impacts: mortgage rates, credit, and markets

A hold could keep mortgage rates range-bound near current levels rather than trigger immediate declines. Mortgage pricing typically follows treasury yields and term premia, which may stabilize when policy signals are steady.

Credit conditions may remain tight if the policy rate stays unchanged. Variable-rate products like credit cards and some HELOCs would likely retain elevated APRs until the policy path clearly turns.

Equity and Treasury markets may see lower near-term rate volatility if the decision meets expectations. However, any upside surprise in inflation or wages could quickly reset those dynamics.

At the time of this writing, Bitcoin is $69,350 with very high 12.40% volatility and a bearish sentiment profile; the 14‑day RSI is 36.63. These figures provide context for broader risk appetite.

CME FedWatch Tool context and related market signals

How it frames March rate hold probabilities

The tool translates market pricing into estimated meeting outcomes and is widely used as a real-time gauge of consensus. As reported by AOL, one recent reading showed an 86.5% chance of an unchanged March decision.

Why estimates can differ from Kalshi or Polymarket

Differences often reflect methodology, contract design, and timing. Event-betting venues and derivatives markets can sample distinct liquidity windows, so their snapshots do not always align in level or cadence.

FAQ about CME FedWatch Tool

Which upcoming data releases could change the rate hold probability before the meeting?

CPI, PCE inflation, and monthly jobs data, as well as remarks from Jerome Powell or other FOMC participants.

How do CME FedWatch odds compare with Kalshi and Polymarket right now?

One recent reading showed 86.5% unchanged (AOL). Polymarket signaled 91% stability (LinkedIn). Kalshi discussions point to a March hold while pricing 2026 cuts (Seeking Alpha).

Rate this post

Other Posts: