Why did CME trading halt on Friday?

CME trading halted due to a cooling issue at a CyrusOne data center that disrupted operations.

What is the market expecting from the Federal Reserve in December?

Traders are currently pricing in an 85% chance of a quarter percentage point interest rate cut from the Fed in December.

What economic data is investors watching for?

Investors are awaiting next week's personal consumption expenditures index for insights ahead of the Federal Reserve's rate decision.

Home / Business and Economy / CME Markets Halt: Cooling Issue Disrupts Trading

CME Markets Halt: Cooling Issue Disrupts Trading

28 Nov

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Summary

CME trading halted due to data center cooling issue.
Bond and some stock trading continued on Friday.
Fed rate cut priced in at 85% for December.

CME Markets Halt: Cooling Issue Disrupts Trading

Trading on the CME was halted in the early hours of Friday due to a critical cooling system failure at one of its data centers. This technical issue impacted market operations, with only bonds and certain pre-market stocks trading as of 6:45 a.m. ET. Stock futures trading in the U.S. was also brought to a standstill.

The exchange confirmed the outage, stating that support teams were actively working on a near-term resolution. Clients were advised that pre-open details would be communicated once available. This disruption occurred on a quiet day for economic data releases.

Looking ahead, market participants are focused on the upcoming release of the personal consumption expenditures index. This data will provide crucial insights ahead of the Federal Reserve's interest rate decision in its December meeting. Currently, traders are pricing in an approximately 85% probability of a quarter percentage point rate cut by the Fed.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.