Ok, so the market is expecting the Fed to stay the course (Graph 1), but more interestingly, the rate hike expectations come down as we move into the future (Graph 2, Jan 2024).
[https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html](https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html)
![Image upload](https://cdn.commonstock.com/ac7871e9d1d4b178e9ee9db9205f2154bd333c89529fa6c852d5201297bb8980-1282x759.png)

![Image upload](https://cdn.commonstock.com/6007270edfc9a3c9cedd46c8a52e14f9f19cf3eaf4185f1db4f681cf6de27565-1256x846.png)

Count down to the next Federal Open Market Committee (FOMC) rate hike with the CME FedWatch Tool, based on the Fed Funds target rate. View the tool.

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html