Fed Chair Jerome Powell highlighted rising labor market dangers whereas cautioning that inflation stays a menace, signaling a doable fee reduce on the September 16-17 coverage assembly. Based on the CME FedWatch Device, markets are presently pricing in a 90% probability of a 25-bps reduce subsequent week, with a ten% chance of a bigger 50-bps discount
(Disclaimer: This slideshow has been sourced from Reuters)
