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Some US federal workers affected by the government shutdown are resorting to crowdfun...The CME Fed Funds futures follow the actual rate at which interbank lending is taking place. The final value is the unweighted average of each observed daily Fed Funds rate during that month, as ...Chicago Mercantile Exchange building. The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an agricultural commodities exchange.For most of its history, the …Fed Funds futures are pricing four or five rate hikes in 2022, followed by two or three more in 2023. In the view of investors, the Fed is most likely to have rates at 1.625% by the end of 2023 (Figure 1). ... The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. 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