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Analyst: Unexpectedly Low Nonfarm Payrolls, Market Fully Pricing in Fed Rate Cut in September
Summary: According to reports from financial website Forexlive, analyst Adam Button stated that June ADP employment figures were the worst since March 2023. This is a difficult moment before the release of nonfarm payroll data tomorrow. Another view is that household data points to a weak market. The market is currently fully pricing in the possibility ...
According to reports from financial website Forexlive, analyst Adam Button stated that June ADP employment figures were the worst since March 2023. This is a difficult moment before the release of nonfarm payroll data tomorrow. Another view is that household data points to a weak market. The market is currently fully pricing in the possibility of a rate cut in September, with a 22% probability of a 50 basis point cut.
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Link: Analyst: Unexpectedly Low Nonfarm Payrolls, Market Fully Pricing in Fed Rate Cut in September [Copy]
