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Markets see dwindling odds of a September interest rate cut from the Fed
The probability for a September move fell to about 40% Thursday.
14 words~1 min read
The probability for a September move fell to about 40% Thursday.
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The CME Group’s FedWatch tool shows a 66% chance that the Fed lowers its benchmark rate by 0.25 percentage point in September.

Something unusual is happening.

Rieder's comment came after data showed U.S. labor market suffered a sizable slowdown in the past few months.

Will the jobs data do anything to derail expectations for a Fed cut in September?

In September, when the Fed last issued its 'summary of economic projections,' the central bank anticipated only one rate cut in…

Traders are pricing in a 96% chance of a quarter percentage-point rate cut, per the CME Group’s FedWatch tool.