Jobless Data Released, Probability of Fed Cutting Rates by 50bps in September Drops to 30%
Article is form Jinse
September 8, 2024
This article is translated by ChatGPT Show original
According to CME's FedWatch tool, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 70%, and the probability of a 50 basis point cut is 30%. This comes after the Bureau of Labor Statistics released unemployment data this week.
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.