Analysis: The probability of the Federal Reserve cutting interest rates in September reaches 99%, and the market is focused on non-farm data

ChainCatcher news, according to Jinshi reports, Rostro's chief market analyst Joshua Mahony stated that the market is waiting for the August non-farm data to be released on Friday to assess the state of the U.S. economy. The July employment data was weaker than expected, increasing expectations for a rate cut by the Federal Reserve in September, with market data showing a 99% probability of a rate cut in September.

Before the data is released on Friday, JOLTS July job vacancy data and August ADP employment data will also be released this week.