Fed likely to hold rates steady as market lowers September hike odds. Rate hike by September at 31% YES.

Volatile job numbers, stubborn inflation and changes to the Fed’s communications style are all stirring up uncertainty in markets and raising the stakes for upcoming economic data…

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.

Inflation has eased for the second consecutive month, reducing the urgency for the Federal Reserve to increase interest rates imminently. Nevertheless, persistent inflation…