#FOMCMeeting The Federal Open Market Committee (FOMC) is meeting this Wednesday, and all signs indicate that the key interest rate will remain unchanged. However, looking at the outlook for the coming months — starting in July — the chances of a rate cut are increasing.

Global markets will be watching the Bank of Japan, the Riksbank, and the Federal Reserve this week as they prepare to make their latest decisions on interest rates. The FOMC meeting is scheduled for June 18, and according to the CME's Fedwatch tool, the chances of a quarter-point cut are virtually non-existent — only 0.1%. A confident 99.9% of CME futures are betting that the central bank will keep the federal funds rate unchanged.

Both traders on the Polymarket platform and traders on Kalshi are pricing in low odds for a rate cut this month. Looking ahead to the FOMC meeting in July 2025, the CME's Fedwatch tool estimates the probability of a quarter-point cut at only 14.5%, with prediction markets confirming this at 14%.