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16:13
2026 Federal Reserve Interest Rate Outlook: Rate Hike Expectations Rise, 37.3% Probability of Cumulative 25 Basis Point Hike
BlockBeats News, May 29th. According to CME FedWatch Tool data, the market's expectations for interest rate cuts this year have been almost entirely erased, with some even contemplating a potential 75 basis point rate hike. Currently, the probability of the Fed holding rates steady through the end of 2026 is 51.9%. The probability of a cumulative 25 basis point rate cut throughout the year is only 0.5%, while the probabilities of a cumulative 25 basis point rate hike, 50 basis point rate hike, and 75 basis point rate hike are 37.3%, 9.3%, and 1%, respectively. Furthermore, the probability of a 25 basis point rate cut at the next Fed meeting in June is 1.1%.
15:35
U.S. Treasury auctions four-week Treasury bills with a winning yield of 3.630% and a bid-to-cover ratio of 2.76.
Auctioned eight-cycle government bonds, with a winning interest rate of 3.615% and a bid-to-cover ratio of 3.08.
15:35
Morgan Stanley raises Snowflake's target price to $300
Golden Finance, May 28|Morgan Stanley raised Snowflake's target price from $245 to $300 and maintained an "Overweight" rating. (Golden Finance)
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