U.S. money markets are currently pricing in a 91% chance of a September rate cut.
3 hours ago
According to Odaily Planet Daily, the US dollar extended its decline after Federal Reserve officials hinted at a near-term rate cut, hitting a nine-day low against a basket of currencies. This followed a suggestion from Minneapolis Fed President Neel Kashkari that the Fed could resume rate cuts soon. San Francisco Fed President Mary Daly also hinted on Monday that a rate cut was imminent. Last Friday's weaker-than-expected US jobs data boosted expectations of a September rate cut. LSEG data shows that US money markets currently price in a 91% probability of a September rate cut. (Jinshi)
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