CME FedWatch data shows a 45% probability of a Fed rate hike at the September FOMC meeting, with sticky 4.2% inflation battling weak jobs data.

Fed rate bets swing toward a September pause, but CME's Fedwatch tool still prices a 44.4% chance of another quarter-point hike.

Weak July US jobs data has reduced market expectations of a September Federal Reserve rate hike, with futures pricing the odds below 50%. While softer employment has raised…