VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Saturday, November 1, 2025

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Tool Comparison

CME FedWatch Tool vs Multpl comparison

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

Quick takeaways

CME FedWatch Tool adds Central Bank Watcher, APIs & SDKs, and Calendar coverage that Multpl skips.

Multpl includes Inflation Rates, GDP, Real Yields, and Financials categories that CME FedWatch Tool omits.

In depth comparison

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

WebAPI

Pricing

FreeSubscription

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.

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Multpl logo

Multpl

multpl.com

Free, lightweight site for long‑term charts and tables of S&P 500 valuation metrics (P/E, Shiller CAPE, P/S, P/B, earnings yield), dividends/earnings/sales per share, US Treasury rates & real yields, CPI/inflation, GDP, population and income stats. Each page cites original sources (S&P Global, US Treasury, BLS, BEA, Robert Shiller). Historical series are typically monthly/quarterly; many pages show the current value with an end‑of‑day timestamp. Multpl does not advertise a first‑party API, but much of its curated data is available as the **MULTPL** database on **Nasdaq Data Link (formerly Quandl)** with REST/CSV/JSON access.

Platforms

Web

Pricing

Free

Quick highlights

  • Clean charts + tabular views with ‘By month’ / ‘By year’ toggles for each series.
  • S&P 500 valuation dashboards: PE, Shiller CAPE (with FAQ), price‑to‑sales, price‑to‑book, earnings yield.
  • Macro breadth: CPI & inflation rate; GDP (real & nominal), growth rates, real GDP per‑capita; US Treasury tenors (1M–30Y) and real yields.
  • On‑page source disclosure and methodology notes (e.g., monthly averages for S&P price series; CAPE construction).
  • Homepage tile layout with live EOD stamps (e.g., '4:00 PM EDT') across popular series.

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Where they differ

CME FedWatch Tool

Distinct strengths include:

Central Bank WatcherAPIs & SDKsCalendar
  • 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.

Multpl

Distinct strengths include:

Inflation RatesGDPReal YieldsFinancials
  • Clean charts + tabular views with ‘By month’ / ‘By year’ toggles for each series.
  • S&P 500 valuation dashboards: PE, Shiller CAPE (with FAQ), price‑to‑sales, price‑to‑book, earnings yield.
  • Macro breadth: CPI & inflation rate; GDP (real & nominal), growth rates, real GDP per‑capita; US Treasury tenors (1M–30Y) and real yields.
  • On‑page source disclosure and methodology notes (e.g., monthly averages for S&P price series; CAPE construction).

Feature-by-feature breakdown

AttributeCME FedWatch ToolMultpl
Categories

Which research workflows each platform targets

Shared: Interest Rates, Data APIs, Data Visualizations

Unique: Central Bank Watcher, APIs & SDKs, Calendar

Shared: Interest Rates, Data APIs, Data Visualizations

Unique: Inflation Rates, GDP, Real Yields, Financials

Asset types

Supported asset classes and universes

Futures

Stocks, Bonds, 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

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

  • Clean charts + tabular views with ‘By month’ / ‘By year’ toggles for each series.
  • S&P 500 valuation dashboards: PE, Shiller CAPE (with FAQ), price‑to‑sales, price‑to‑book, earnings yield.
  • Macro breadth: CPI & inflation rate; GDP (real & nominal), growth rates, real GDP per‑capita; US Treasury tenors (1M–30Y) and real yields.
  • On‑page source disclosure and methodology notes (e.g., monthly averages for S&P price series; CAPE construction).
  • Homepage tile layout with live EOD stamps (e.g., '4:00 PM EDT') across popular series.
  • Programmatic alternative via **Nasdaq Data Link** ‘MULTPL’ datasets (REST API; CSV/JSON; SDKs in Python/R).
Tested

Verified by hands-on testing inside Find My Moat

Not yet

Not yet

Editor pick

Featured inside curated shortlists

Standard listing

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Frequently Asked Questions

Which workflows do CME FedWatch Tool and Multpl both support?

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

Do CME FedWatch Tool and Multpl require subscriptions?

Both CME FedWatch Tool and Multpl keep freemium access with optional paid upgrades, so you can trial each platform before committing.

How can you access CME FedWatch Tool and Multpl?

Both CME FedWatch Tool and Multpl 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 Multpl stands out for Clean charts + tabular views with ‘By month’ / ‘By year’ toggles for each series., S&P 500 valuation dashboards: PE, Shiller CAPE (with FAQ), price‑to‑sales, price‑to‑book, earnings yield., and Macro breadth: CPI & inflation rate; GDP (real & nominal), growth rates, real GDP per‑capita; US Treasury tenors (1M–30Y) and real yields..

Keep exploring

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.