The possibility of a 50 basis point rate cut in September is currently higher than a 25 basis point cut.

U.S. short-term interest rate futures indicate that the likelihood of the Federal Reserve cutting rates by 50 basis points in September is currently higher than a 25 basis point cut.

The probability of a 50 basis point cut is 51%, while the probability of a 25 basis point cut is 49%.

But, but, the most important thing is tomorrow's ADP report and the day after's Non-Farm Payrolls + unemployment rate—those are even more crucial.

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