After the nonfarm payrolls data, the market lowered the probability of the Federal Reserve October rate hike to 17%
After the nonfarm payrolls data was released,CME FedWatch showed that the market expects the Federal Reserve to October see the probability of leaving rates unchanged rise to 83%, while the probability of a rate hike falls to 17%. Federal funds futures’ expectation of cumulative rate hikes by the 2026 year-end also edged lower.