The probability of the Federal Reserve cutting interest rates in September reaches 99%, and the market is focused on non-farm payroll 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, raising expectations for a Fed rate cut in September, with market data indicating a 99% probability of a Fed rate cut in September. Before the data is released on Friday, JOLTS July job openings data and August ADP employment data will also be released this week.