The Federal Open Market Committee is meeting today to discuss the future of interest rates.
Using the CME Fedwatch tool, we can see there is a 98% probability that the Federal Reserve maintains the current interest rate level. However, as we look forward, there is much greater uncertainty with and the market is pricing in a rate cut.
Using the Eurodollar futures, traders can bet on the future movements in interest rates. Tune in as Tom and Tony discuss this strategy with Eurodollar futures.