June US nonfarm payrolls rose just 57,000 versus 115,000 expected, pushing rate hike odds below 20% and reshaping investor expectations for Fed

June US nonfarm payrolls rose just 57,000 versus 115,000 expected, pushing rate hike odds below 20% and reshaping investor expectations for Fed

Prior to the report, markets were split on whether the Fed would hike rates at its next policy meeting in September.