50 Bps Rate Cut? Odds Jump on Slowing Labor Market

Following August’s nonfarm payrolls data, the odds of a 50 bps rate cut during the September 16-17 Federal Open Market Committee (FOMC) meeting are now at 14.3% compared to 0% a day ago, a week ago, and a month ago, according to CME’s FedWatch tool. ... [1157 chars]