Reported about 18 hours ago
US federal funds rate futures show a higher likelihood of a rate cut at the July meeting following a disappointing private sector jobs report for June, which revealed a drop of 33,000 jobs. Market estimates now indicate a 27% chance of a cut in July, up from 23% prior to the report. Additionally, a 25 basis-point rate decline is fully priced in for the September meeting.
Source: YAHOO