I had never looked at how futures traders estimated the probabilities of FED interest rate targets far in the future. This is basically a prediction market.

CME shows data from traders which suggests greater than 50% chance that target rates end up below 3% at Dec 10, 2025 meeting.

I have never followed this stuff closely. Anyone have more color to add on how to think about this?

https://image.nostr.build/6b068535c712f6489745b2f7145999130d28dd053f271e0fef3b3a4e6c9dc266.png