Analyst: The Market Has Fully Priced In the Possibility of a Fed Rate Cut in September

ChainCatcher news, according to Jintou, Forexlive financial website analyst Adam Button stated that the June ADP employment figure is the worst reading since March 2023.

This is a tough moment ahead of tomorrow’s release of the non-farm payroll data. There is also a view that household-based data points to a weakening market. The market has now fully priced in a rate cut in September, with a 22% probability of a 50 basis point cut.