Chances for a September Rate Cut Surge to 90.4% After Weak Jobs Report

The CME FedWatch Tool now signals a 90.4% probability of a 25 bps (basis points) rate cut in September. Additionally, there is a 9.6% chance the Fed could pull the trigger on a 50 bps cut, a shift prompted by the unexpectedly weak August job data. Job growth slowed notably last month, with only 22,000 […] The post Chances for a September Rate Cut Surge to 90.4% After Weak Jobs Report appeared first on Coin Edition.