Before the non farm payroll announcement, the probability of the Federal Reserve cutting interest rates in September exceeds 90%

According to a report by JinShi, according to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged in July is 76.7%, and the probability of cutting interest rates by 25 basis points is 23.3%. The probability of the Federal Reserve keeping interest rates unchanged in September is 4.9%, the probability of a cumulative 25 basis point rate cut is 73.3%, and the probability of a cumulative 50 basis point rate cut is 21.8%. The US' small non farm payroll 'data released on Wednesday evening unexpectedly recorded a negative value, as the US non farm payroll data is about to be released.