VOL. XCIV, NO. 247
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Saturday, January 17, 2026
CME FedWatch Review, Pricing, and Features
CME FedWatch is a free web tool that tracks market‑implied probabilities of Fed target rate outcomes for upcoming FOMC meetings, derived from 30‑Day Fed Funds futures prices. CME also offers a paid FedWatch API for system integration (EOD + intraday). Disclaimer: outputs are not investment advice; use is at the visitor’s sole risk.
Community votes (overall)
Key features
- Web tool shows probabilities of FOMC target rate changes for upcoming meetings, implied by 30‑Day Fed Funds futures prices (CME: “CME FedWatch”).
- Free tool listed among CME interest‑rate “free pricing and analytics tools.”
- User guide: per-meeting “Current/Compare/Probabilities” views (including comparisons vs one day/week/month ago) plus a “Historical” view with up to one year of history and downloadable Excel files of raw historical probability data.
- User guide: includes the Fed “Dot Plot” visualization and PDF report generation (portrait/landscape).
- Published methodology: computes unconditional probabilities via a binary probability tree; uses 30‑Day Federal Funds (ZQ) futures and assumes rate changes occur in 25bp increments (EFFR‑based).
- FedWatch API (paid): REST/JSON access to FedWatch data, including intraday “60‑second” updates (real-time) and an End‑of‑Day product; marketing notes extended history back to 2015.
- API docs (EOD): OAuth2/Bearer authentication; production base URL https://markets.api.cmegroup.com/fedwatch/v1 with endpoints such as /forecasts and meeting date history/future; EOD forecasts updated on business days at 01:45 UTC (excluding holidays).
- Fee schedule indicates intraday FedWatch licensing can be per device/application (e.g., subscriber display device fees) and may involve additional connectivity fees.
FAQ
Is CME FedWatch free?
Not entirely. CME FedWatch includes a free tier, but its paid subscription options unlock more capacity. Visit the vendor site for current limits and pricing. Enterprise quotes are handled directly with the vendor.
Who is CME FedWatch best for?
CME FedWatch is built for Retail Traders, Pro Retail, Institutional Investors, Analysts, Quants/Developers, Asset Managers + 1 more. It suits beginner, intermediate, and advanced users.
What platforms and connections does CME FedWatch support?
You can use CME FedWatch on Web. CME FedWatch offers an API (REST) with OAuth2 authentication.
Which markets does CME FedWatch cover?
CME FedWatch covers North America. Examples include US. It tracks Futures.
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