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Before the ADP release, the probability of a September rate cut by the Federal Reserve was 97.6%.
a day ago

According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in September is 2.4%, and the probability of a 25 basis point rate cut is 97.6%. The probability of the Fed keeping interest rates unchanged in October is 1.1%, the probability of a cumulative 25 basis point rate cut is 46.7%, and the probability of a cumulative 50 basis point rate cut is 52.1%.