Analyst: The Market Has Fully Priced In the Possibility of a Fed Rate Cut in September
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ChainCatcher news, according to Jintou, Forexlive financial website analyst Adam Button stated that the June ADP employment figure is the worst reading since March 2023.
This is a tough moment ahead of tomorrow’s release of the non-farm payroll data. There is also a view that household-based data points to a weakening market. The market has now fully priced in a rate cut in September, with a 22% probability of a 50 basis point cut.
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