After the non-farm payroll data was released, the probability of the Federal Reserve raising interest rates by 25 basis points in September decreased.
According to CME's "FedWatch": The probability that the Federal Reserve will keep interest rates unchanged until September is 59.9%, while the probability of a cumulative increase of 25 basis points is 40.1%. The probability that the Federal Reserve will keep interest rates unchanged until October is 45.3%, while the probabilities of a cumulative increase of 25 basis points and 50 basis points are 44.9% and 9.8%, respectively.
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