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Before Non-Farm Payrolls Release, Fed's September Rate Cut Probability Exceeds 90%
BlockBeats News, July 3rd, according to CME's "FedWatch Tool": The probability of the Fed maintaining the interest rate in July is 76.7%, and the probability of a 25 basis point rate cut is 23.3%. The probability of the Fed maintaining the interest rate in September is 4.9%, with a cumulative 25 basis point rate cut probability of 73.3% and a cumulative 50 basis point rate cut probability of 21.8%. The unexpectedly negative "ADP Nonfarm Employment Change" data was released on Wednesday evening, and the U.S. Nonfarm Payrolls data is about to be released. (FXStreet)
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