Probability of a Fed Rate Cut in September Drops to 55%
CryptoNewsTerminal Staff07 Jun, 2024
Probability of a Fed Rate Cut in September Drops to 55%
Traders in the US interest rate futures market have significantly reduced the probability of a Federal Reserve rate cut in September from 70% to 55%. This adjustment follows the release of the US nonfarm payrolls report, which unexpectedly exceeded expectations. Economic indicators, such as the nonfarm payrolls report, play a crucial role in shaping the Fed's decisions regarding interest rate adjustments. Therefore, the strong nonfarm payrolls data suggests a more positive outlook for the US economy, potentially lessening the need for an immediate rate cut.
