Weak Payroll Report Boosts Odds of Larger Fed Rate Cut in September

Weak July payroll numbers increase the chance of a 0.5 percentage point rate cut by the Federal Reserve in September. Fed funds futures compiled by the CME Group show a rise in the likelihood of a 0.5-point cut from 22% to 60.5%. Meanwhile, the chance of a 0.25-point cut fell from 78% to 39.5%. Fears […]