#news

🚨 BREAKING: Fed Rate Cut Odds Surge to 78.5% for September! 📉

Following a weak US jobs report (73K nonfarm payrolls vs. 147K expected), traders are betting big on a 25-basis-point rate cut at the next FOMC meeting. CME Fed futures show a 78.5% chance of a cut, down from 89.1% earlier today but up sharply from 39% last week.

Could a 50-basis-point cut be on the table?

BlackRock’s Rick Rieder thinks it’s possible, with 2-3 cuts expected by year-end to boost growth & employment. 👀