Following the non-farm payrolls report, the probability of a 25 basis point rate cut by the Federal Reserve in March next year has risen to 44.4%.

According to CME's FedWatch Tool following the non-farm payrolls report, the probability of the Federal Reserve cutting interest rates by 25 basis points in January is 24.4%, while the probability of keeping rates unchanged is 75.6%. By March of next year, the probability of a cumulative 25 basis point rate cut is 44.4%, the probability of keeping rates unchanged is 46.1%, and the probability of a cumulative 50 basis point rate cut is 9.5%. Prior to the non-farm payrolls report, CME's FedWatch Tool indicated a 24.4% probability of a 25 basis point rate cut in January and a 75.6% probability of keeping rates unchanged. By March of next year, the probability of a cumulative 25 basis point rate cut was 42.4%, the probability of keeping rates unchanged was 49%, and the probability of a cumulative 50 basis point rate cut was 8.6%. (Jinshi)