It's a near coin flip (not quite though) between a 25bp and 50bp Fed interest rate cut

  • 60% pricing for a 25bp rate cut vs. 40% for 50bp

This update from FedWatch heading into the NFP report later today.

fedwatch 06 September 2024 2

The NFP data is due at 8.30 am US Eastern time (1230 pm GMT).

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