The FED's interest rate decision comes at 7 pm

The US Federal Reserve System (FED) will announce its interest rate decision today at 7 p.m. The chart shows the market expectation for each of the last 34 days since the last interest rate decision on 01.02.2023. The dark red line shows the last expectation, from yesterday. The expectations can be measured using the prices of futures for the federal funds rate and the uncertainty about the further course is currently very high. The highest expectation for the end of 2023 was 5.6% on March 8, 2023, before the banking crisis. As of yesterday, the market expects the rate to fall to 4.0% at the end of 2023.