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Wall Street reacts to horrible July jobs report: September rate cut is back on the table
The CME Group’s FedWatch tool shows a 66% chance that the Fed lowers its benchmark rate by 0.25 percentage point in September.
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cnbc.com
Markets see dwindling odds of a September interest rate cut from the Fed
The probability for a September move fell to about 40% Thursday.
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July jobs report expected to show a labor market slowing to a crawl
Hiring is expected to show a sharp slowdown in July, even as Fed policymakers insist the labor market is in solid shape.
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Wall Street reacts to horrible July jobs report: September rate cut is back on the table
The CME Group’s FedWatch tool shows a 66% chance that the Fed lowers its benchmark rate by 0.25 percentage point in September.
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BlackRock's Rick Rieder says a half-point rate cut by the Fed in September is possible
Rieder's comment came after data showed U.S. labor market suffered a sizable slowdown in the past few months.
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fortune.com
Labor department's data upset may have sealed the deal for a base rate cut
The resignation of FOMC member Adriana Kugler also opens the door for a more dovish Fed shift.