Fed — Expected Rate Path
Market-implied Federal Funds Rate trajectory based on fed funds futures-derived meeting probabilities
Rate Path Analysis
Next Meeting Fed
September 16, 2026
Shows the most likely policy rate at each future meeting date. Compares current expectations with those from 1 week and 4 weeks ago.
Detailed Analysis →European Central Bank — Expected Rate Path
Market-implied policy rate trajectory based on futures-derived meeting probabilities
Rate Path Analysis
Next Meeting European Central Bank
October 29, 2026
Shows the most likely policy rate at each future meeting date. Compares current expectations with those from 1 week and 4 weeks ago.
Detailed Analysis →Bank of England — Expected Rate Path
Market-implied Bank Rate trajectory based on SONIA futures-derived meeting probabilities
Rate Path Analysis
Next Meeting Bank of England
September 17, 2026
Shows the most likely policy rate at each future meeting date. Compares current expectations with those from 1 week and 4 weeks ago.
Detailed Analysis →Reserve Bank of Australia — Expected Rate Path
Market-implied Cash Rate trajectory based on ASX futures-derived meeting probabilities
Rate Path Analysis
Next Meeting Reserve Bank of Australia
September 29, 2026
Shows the most likely policy rate at each future meeting date. Compares current expectations with those from 1 week and 4 weeks ago.
Detailed Analysis →Bank of Japan — Expected Rate Path
Market-implied policy rate trajectory based on TONA futures-derived meeting probabilities
Rate Path Analysis
Next Meeting Bank of Japan
September 17, 2026
Shows the most likely policy rate at each future meeting date. Compares current expectations with those from 1 week and 4 weeks ago.
Detailed Analysis →Reserve Bank of New Zealand — Expected Rate Path
Market-implied OCR trajectory based on ASX 90-Day NZ Bank Bill futures - probabilities assume a constant BKBM-OCR spread
Rate Path Analysis
Next Meeting Reserve Bank of New Zealand
October 28, 2026
Shows the most likely policy rate at each future meeting date. Compares current expectations with those from 1 week and 4 weeks ago.
Detailed Analysis →Swiss National Bank — Expected Rate Path
Market-implied policy rate trajectory based on SARON futures-derived meeting probabilities
Rate Path Analysis
Next Meeting Swiss National Bank
September 24, 2026
Shows the most likely policy rate at each future meeting date. Compares current expectations with those from 1 week and 4 weeks ago.
Detailed Analysis →Global Rate Outlook
Expected rate change paths (in basis points from current rate) for the Fed, ECB, BoE, RBA, BoJ, RBNZ, and SNB
Policy Divergence Tracker
Current Policy Stance
- Fed: Accommodative
- European Central Bank: Accommodative
- Bank of England: Accommodative
- Reserve Bank of Australia: Accommodative
- Bank of Japan: Neutral
- Reserve Bank of New Zealand: N/A
- Swiss National Bank: N/A