Jobless Claims Data Released, Probability of Fed Cutting Rates by 50 Basis Points in September Now at 30%
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September 8, 2024
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According to CME's "FedWatch," following the release of unemployment data by the Bureau of Labor Statistics this week, there is a 70% probability of the Fed cutting interest rates by 25 basis points in September, and a 30% probability of a 50 basis point cut.
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