US RATE FUTURES CUT CHANCE OF SEPTEMBER RATE HIKE AFTER JOBS DATA
- NEWS Desk Global
- 2 days ago
- 1 min read

U.S. hiring data for July drove financial markets to lower forecasts for the U.S. central bank raising its interest rate target at September's Federal Open Market Committee meeting, after a week in which several Fed officials made the case for lifting rates to tackle stubborn inflation.
Futures markets put at less than even odds of a rate hike at the next FOMC meeting and are split on where the Fed will end up by the end of the year after data showed the U.S. economy lost 23,000 jobs in July amid a modest decline in the unemployment rate to 4.1% from June's 4.2%, although that shift was driven by the less positive move of workers out of the labor force.





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