Markets are now pricing-in a 53% chance of a Fed rate cut in September compared to 49% before the report. Investors will look ahead to more US economic reports this week including manufacturing data on Monday and the monthly payrolls report on Friday to guide the outlook further.
Published on 4 June 2024
Markets now anticipate a higher likelihood of a Fed rate cut in September, up from 49%, as crucial manufacturing and payroll data this week will further shape the economic outlook.
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