Odaily News The U.S. ISM August Manufacturing PMI report released today showed that the U.S. economy continued to shrink. According to the Fed's usual data from the Chicago Mercantile Exchange (CME), affected by the weak data, traders raised the probability of the Fed's 50 basis point rate cut in September from 30% a day ago to 39%. However, the favorite bet is still 25 basis points, at 61%. The main event of U.S. macro news is still Friday's August employment report, which may also be the final determinant of the Fed's 25 or 50 rate hike. Economists predict that jobs will rebound from 114,000 in July to 160,000. The unemployment rate is expected to fall from 4.3% to 4.2%. (Coindesk)