After the release of the US ADP employment data in August, the probability of a 50 basis point rate cut in September decreased to 37%

2024-09-05 22:54:32

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ChainCatcher news, according to CME FedWatch data, after the release of the U.S. August ADP employment data today, the probability of the Federal Reserve cutting rates by 50 basis points in September decreased from 45% to 37%, while the probability of a 25 basis point cut is 63%.

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