There is a 9.6% chance the Fed could pull the trigger on a 50 bps cut, a shift prompted by the unexpectedly weak August job data. Job growth slowed notably in August, with only 22,000 positions added against a forecast of 75,000. Many, including the crypto analyst Ash Crypto, believe that rate cuts in September are confirmed. The CME FedWatch Tool now signals a 90.4% probability of a 25 bps (basis points) rate cut in September. Additionally, there is a 9.6% chance the Fed could pull the trigger on a 50 bps cut, a shift prompted by the unexpectedly weak August job data . Job growth slowed notably last month, with only 22,000 positions added against a forecast of 75,000. Furthermore, June’s figures were revised downward to a net loss, indicating a softening labor market. The unemployment rate climbed to 4.3%, which is a high not seen since October 2021. As a result, Bank of America updated its prediction to expect two rate cuts in 2025, one in September and another in December. Many, including the crypto analyst Ash Crypto , believe that rate cuts in September are confirmed. In August, market voices like Treasury Secretary Scott Bessent have called for aggr… The post Chances for a September Rate Cut Surge to 90.4% After Weak Jobs Report appeared first on Coin Edition .
