VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Sunday, October 5, 2025

View CME FedWatch ToolView European Central Bank (ECB)Back to Home

Head-to-head

CME FedWatch Tool vs European Central Bank (ECB) comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

CME FedWatch Tool adds APIs & SDKs, and Data Visualizations coverage that European Central Bank (ECB) skips.

European Central Bank (ECB) includes News, Yield Curves, Inflation Rates, GDP, and Unemployment Rates categories that CME FedWatch Tool omits.

CME FedWatch Tool highlights: Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures., Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel., and Fed ‘Dot Plot’ chart plus table view..

European Central Bank (ECB) is known for: Public SDMX 2.1 REST API with access to the ECB Data Portal (data-api.ecb.europa.eu). Existing SDW endpoints continue to work with unchanged syntax., Flexible format support including SDMX-ML, SDMX-JSON, CSV, and pivot-table-optimized CSV. Supports HTTP compression for efficient transfers., and Excel integration via Power Query using CSV endpoints or the application/vnd.ecb.data+csv MIME type..

CME FedWatch Tool logo

CME FedWatch Tool

cmegroup.com

Official CME probabilities for upcoming FOMC decisions, derived from 30‑Day Fed Funds (ZQ) futures. Web tool provides meeting‑by‑meeting probability matrices, comparisons over time, a historical download, and a Dot Plot view. A paid REST API is available for programmatic access. CME documents the probability‑tree methodology clearly; API snapshots update on business days at ~01:45 UTC. Media usage asks attribution to “CME FedWatch.”

Platforms

Web
API

Pricing

Free
Subscription

Quick highlights

  • Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures.
  • Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel.
  • Fed ‘Dot Plot’ chart plus table view.
  • One‑click PDF generation of the current page and Excel downloads for historical probabilities.
  • Transparent methodology: unconditional probabilities via a binary probability tree built from implied EFFR, assuming 25 bp step sizes.

Community votes (overall)

0% upvotes 0% downvotes
You haven't voted yet
View full profileVisit site
European Central Bank (ECB) logo

European Central Bank (ECB)

ecb.europa.eu

The official portal of the European Central Bank, including its Data Portal. Provides free access to monetary policy information, publications, and structured datasets. Data is available through a public SDMX 2.1 REST API with CSV and SDMX-JSON formats, bulk downloads, and chart-level exports. Key scheduled releases include €STR at 08:00 CET, FX reference rates around 16:00 CET, and daily euro area yield curves at 12:00 CET.

Platforms

Web
API

Pricing

Free

Quick highlights

  • Public SDMX 2.1 REST API with access to the ECB Data Portal (data-api.ecb.europa.eu). Existing SDW endpoints continue to work with unchanged syntax.
  • Flexible format support including SDMX-ML, SDMX-JSON, CSV, and pivot-table-optimized CSV. Supports HTTP compression for efficient transfers.
  • Excel integration via Power Query using CSV endpoints or the application/vnd.ecb.data+csv MIME type.
  • Bulk dataset downloads available directly from dataset pages, including CSV and SDMX 2.1 exports.
  • €STR (Euro Short-Term Rate) published daily at 08:00 CET, with revisions at 09:00 CET if errors exceed 2 basis points.

Community votes (overall)

0% upvotes 0% downvotes
You haven't voted yet
View full profileVisit site
Overlap

Shared focus areas

4 overlaps

Mutual strengths include Central Bank Watcher, Interest Rates, and Data APIs plus 1 more area.

Where they differ

CME FedWatch Tool

Distinct strengths include:

APIs & SDKs
Data Visualizations
  • Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures.
  • Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel.
  • Fed ‘Dot Plot’ chart plus table view.
  • One‑click PDF generation of the current page and Excel downloads for historical probabilities.

European Central Bank (ECB)

Distinct strengths include:

News
Yield Curves
Inflation Rates
GDP
Unemployment Rates
  • Public SDMX 2.1 REST API with access to the ECB Data Portal (data-api.ecb.europa.eu). Existing SDW endpoints continue to work with unchanged syntax.
  • Flexible format support including SDMX-ML, SDMX-JSON, CSV, and pivot-table-optimized CSV. Supports HTTP compression for efficient transfers.
  • Excel integration via Power Query using CSV endpoints or the application/vnd.ecb.data+csv MIME type.
  • Bulk dataset downloads available directly from dataset pages, including CSV and SDMX 2.1 exports.

Feature-by-feature breakdown

AttributeCME FedWatch ToolEuropean Central Bank (ECB)
Categories

Which research workflows each platform targets

Shared: Central Bank Watcher, Interest Rates, Data APIs, Calendar

Unique: APIs & SDKs, Data Visualizations

Shared: Central Bank Watcher, Interest Rates, Data APIs, Calendar

Unique: News, Yield Curves, Inflation Rates, GDP, Unemployment Rates

Asset types

Supported asset classes and universes

Futures

Bonds, Currencies, Other

Experience levels

Who each product is built for

Beginner, Intermediate, Advanced

Beginner, Intermediate, Advanced

Platforms

Where you can access the product

Web, API

Web, API

Pricing

High-level pricing models

Free, Subscription

Free

Key features

Core capabilities called out by each vendor

Unique

  • Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures.
  • Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel.
  • Fed ‘Dot Plot’ chart plus table view.
  • One‑click PDF generation of the current page and Excel downloads for historical probabilities.
  • Transparent methodology: unconditional probabilities via a binary probability tree built from implied EFFR, assuming 25 bp step sizes.
  • FedWatch REST API (OAuth2) with endpoints for /forecasts and /meetings (future/history); extended history available.

Unique

  • Public SDMX 2.1 REST API with access to the ECB Data Portal (data-api.ecb.europa.eu). Existing SDW endpoints continue to work with unchanged syntax.
  • Flexible format support including SDMX-ML, SDMX-JSON, CSV, and pivot-table-optimized CSV. Supports HTTP compression for efficient transfers.
  • Excel integration via Power Query using CSV endpoints or the application/vnd.ecb.data+csv MIME type.
  • Bulk dataset downloads available directly from dataset pages, including CSV and SDMX 2.1 exports.
  • €STR (Euro Short-Term Rate) published daily at 08:00 CET, with revisions at 09:00 CET if errors exceed 2 basis points.
  • Euro foreign exchange reference rates updated around 16:00 CET on working days, provided for information purposes.
Tested

Verified by hands-on testing inside Find My Moat

Not yet

Not yet

Editor pick

Featured inside curated shortlists

Standard listing

Standard listing

Frequently Asked Questions

Which workflows do CME FedWatch Tool and European Central Bank (ECB) both support?

Both platforms cover Central Bank Watcher, Interest Rates, Data APIs, and Calendar workflows, so you can research those use cases in either tool before digging into the feature differences below.

Do CME FedWatch Tool and European Central Bank (ECB) require subscriptions?

Both CME FedWatch Tool and European Central Bank (ECB) keep freemium access with optional paid upgrades, so you can trial each platform before committing.

How can you access CME FedWatch Tool and European Central Bank (ECB)?

Both CME FedWatch Tool and European Central Bank (ECB) prioritize web or desktop access. Investors wanting a mobile-first workflow may need to rely on responsive web views.

What unique strengths set the two platforms apart?

CME FedWatch Tool differentiates itself with Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures., Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel., and Fed ‘Dot Plot’ chart plus table view., whereas European Central Bank (ECB) stands out for Public SDMX 2.1 REST API with access to the ECB Data Portal (data-api.ecb.europa.eu). Existing SDW endpoints continue to work with unchanged syntax., Flexible format support including SDMX-ML, SDMX-JSON, CSV, and pivot-table-optimized CSV. Supports HTTP compression for efficient transfers., and Excel integration via Power Query using CSV endpoints or the application/vnd.ecb.data+csv MIME type..

Keep exploring

Stay on top of related tools

Browse the categories and profiles that overlap most with this comparison to round out your shortlist.

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

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.