Predictions about the Federal Reserve’s plans for its Federal Funds rates are not hard to find. Turn on any form of financial news and there’s no shortage of prognosticators discussing where the Fed will take rates. But there’s another widely cited gauge increasingly used by traders to get a read on the next move for rates. FedWatch, a tool from CME Group, has become a favorite indicator to assess where overnight rates will go as the Fed works to tackle stubborn inflation. The tool has been around for roughly a decade when CME Group introduced it to make futures prices more accessible and transparent for market ... (full story)