How High Will the Fed Go By June?

The market-implied probabilities of the Fed funds target rate for the June 14, 2023, meeting.

Target rate probabilities for June 15, 2022, FOMC meeting

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The current target Fed funds rate is 425 to 450 basis points. Data is courtesy of CME FedWatch Tool. Probabilities are as of January 20.

Source: CME Group Get the data