After the ADP announcement, the probability of the Federal Reserve cutting interest rates in October rose to 99%"
According to online reports, CME's "Federal Reserve Observation" data showed that the probability of the Federal Reserve cutting interest rates by 25 basis points in October rose to 99%. The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 9.8%, the probability of a cumulative interest rate cut by 50 basis points is 89.3%, and the probability of a cumulative interest rate cut by 75 basis points is 0.9%. (Jin Shi)
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