U.S. Non-Farm Payrolls Added Only 73,000 in July, Fed's Probability of Rate Cut in September Increases to 80.3%

According to BlockBeats, U.S. non-farm payrolls added only 73,000 in July, far below expectations, and data for May and June was significantly revised down. Fed governor Kuggler will resign next week, allowing Trump to appoint a new candidate early.

CME 'FedWatch' data shows that the probability of the Fed cutting rates by 25 basis points in September surged from 41.3% before the non-farm data to 80.3%.