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The Fed's rate cut probability in September reaches 99%, and the market is focused on US Non-farm Payrolls (NFP).
According to Mars Finance, as reported by Jin10, Rostro's chief market analyst Joshua Mahony stated that the market is awaiting the release of the August US Non-farm Payrolls (NFP) on Friday to assess the state of the US economy. The July employment data was weaker than expected, raising expectations for a rate cut by the Fed in September, with market data indicating a 99% probability of a rate cut by the Fed in September. Before the data is released on Friday, JOLTS July job vacancy data and August ADP employment data will also be released this week.