Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Traders slash bets on Sept Fed rate cut after jobs data 55% vs 70% before the print Dovish Powell incoming lads, July cuts innit https://t.co/pNaYUWnlmZ
🔴 US INTEREST-RATE FUTURES TRADERS SLASH BETS ON A SEPTEMBER FED RATE CUT, NOW GIVING IT A 55% CHANCE VS 70% BEFORE THE JOBS DATA.
US INTEREST-RATE FUTURES TRADERS SLASH BETS ON SEPT FED RATE CUT, NOW GIVE IT A 55% CHANCE VS 70% BEFORE JOBS DATA
JPMorgan and Citigroup are holding onto their predictions for a Federal Reserve rate cut in July despite a decrease in market expectations following the latest jobs data. Traders have reduced the likelihood of a September rate cut from 70% to 55% after the release of the employment figures.