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CME FedWatch Review, Pricing, and Features

By Jera Value · Verified Sep 2026

CME FedWatch turns Fed Funds futures prices into implied probabilities for upcoming Federal Reserve rate decisions. Compare meeting outcomes, see how expectations changed, and view futures-implied rates alongside the Fed's Dot Plot. The free web tool provides historical views and downloadable reports. Licensed APIs support recurring data workflows. These probabilities describe what markets are pricing under the model's assumptions, rather than predicting guaranteed policy outcomes.

Verdict

Worth it if you want to understand how futures markets price upcoming FOMC rate decisions.

  • Rates monitoring: compare implied outcomes across meetings
  • Historical context: track shifts in market expectations
  • Data workflows: license daily or intraday API delivery

Skip it if you need official Fed forecasts or free programmatic updates.

  • Model assumptions: market probabilities are not Fed guidance
  • Paid APIs: access and usage charges depend on license
CME FedWatch logo

CME FedWatch

cmegroup.com

Web / API · How this site is funded

Pricing

Prices checked
Billed monthly2 plans

Web Tool

$0

For public FedWatch analysis

  • Upcoming meeting probabilities.
  • Historical views and Excel downloads.
  • Dot Plot comparisons and PDF reports.

FedWatch End-of-Day API

$25/moBilled monthly

For daily automated rates research

  • End-of-day probabilities via REST and JSON.
  • Future and historical meeting endpoints.
  • OAuth 2.0 authentication.

FedWatch Intraday API: contact sales for a quote.

Open CME FedWatch

Key features

  • Meeting probabilities

    Compare futures-implied target-rate outcomes for upcoming FOMC meetings.

  • Historical expectations

    Review probability shifts and export up to one year of values to Excel.

  • Dot Plot comparison

    View futures-implied rates alongside published Federal Reserve projections.

  • Downloadable reports

    Save a PDF meeting summary or historical Excel data.

  • Licensed APIs

    Retrieve end-of-day JSON data or separately license 60-second intraday updates.

FAQ

Is CME FedWatch free?

Not entirely. CME FedWatch includes a free tier, but its paid subscription and other 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.

Tool details

Highlights

  • Free tier available
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Granularity & latency

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  • Real-time
  • End of Day

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Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.