Traders slashed bets on a September Fed rate cut, with the odds now at just 55%.
2024-06-07 12:35
Odaily News The number of new non-farm payrolls in March was revised down from 315,000 to 310,000; the number of new non-farm payrolls in April was revised down from 175,000 to 165,000. After these revisions, the total number of new jobs in March and April decreased by 15,000 from before the revisions.) U.S. interest rate futures traders have significantly reduced their bets on the Federal Reserve's interest rate cut in September, and now believe that the probability of a rate cut is 55%, while the previous data showed 70%. (Jinshi)
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