Probability of Federal Reserve rate cut in September exceeds 90% before non-farm data release

PANews, July 3 news, according to Jinshi reports, according to CME's 'FedWatch': The probability of the Federal Reserve keeping interest rates unchanged in July is 76.7%, while the probability of a 25 basis point rate cut is 23.3%. The probability of the Federal Reserve maintaining interest rates unchanged in September is 4.9%, the cumulative probability of a 25 basis point rate cut is 73.3%, and the cumulative probability of a 50 basis point rate cut is 21.8%. The 'little non-farm' data released on Wednesday evening unexpectedly recorded a negative value, and the U.S. non-farm employment data is about to be released.