Over 90% Probability of Fed Rate Cut in September as Markets Focus on Tonight’s Nonfarm Payroll Data

According to CME "FedWatch" reported by Jinse Finance, there is a 74.7% probability that the Federal Reserve will keep interest rates unchanged in July, and a 25.3% probability of a 25 basis point rate cut. For September, the probability of rates remaining unchanged is 7.6%, the probability of a cumulative 25 basis point rate cut is 69.7%, and the probability of a cumulative 50 basis point rate cut is 22.8%. On Wednesday evening, the U.S. "ADP" employment data unexpectedly recorded a negative value, and the U.S. nonfarm payroll data will be released on Thursday evening.