The Market Discounts Around A 40% Chance Of Not One But Two 50 Bp Cuts In Last Three FOMC Meetings Of The Year Ahead Of Jobs Report
September 06, 2024 at 09:56 AM EDT
The US jobs report is front and center. The market is going into the report with about a 40% chance of a 50 bp Fed rate cut later this month. The Dollar Index is trading lower for the third consecutive session.