Analyst: The market has fully priced in the possibility of a Fed rate cut in September

ChainCatcher news, according to Jinshi reports, Forexlive analyst Adam Button stated that the June ADP employment figure is the worst reading since March 2023.

This is a difficult time ahead of tomorrow's non-farm payroll data release. There is also a suggestion that household data points to a weak market. The market has currently fully priced in the possibility of a rate cut in September, with a 22% probability of a 50 basis point cut.