According to the CME Group FedWatch Tool, markets are now pricing a probability of a 78.9% probability of a 25 bps rate hike in September. Yesterday, the probability stood at 72.9%. Today’s data from the United States showed that the nonfarm employment increased by 213K in June following May’s 244K reading. The average hourly earnings, which is seen as a good sign of wage inflation, on a monthly basis rose by 0.2% to miss the experts’ estimate of 0.3%. Nonetheless, the CME Group FedWatch Tool suggests that markets see today’s figures as good enough to allow for another rate hike in September. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canada: Mixed picture from trade and employment data – TDS FX Street 3 years According to the CME Group FedWatch Tool, markets are now pricing a probability of a 78.9% probability of a 25 bps rate hike in September. Yesterday, the probability stood at 72.9%. Today's data from the United States showed that the nonfarm employment increased by 213K in June following May's 244K reading. The average hourly earnings, which is seen as a good sign of wage inflation, on a monthly basis rose by 0.2% to miss the experts' estimate of 0.3%. Nonetheless, the CME Group FedWatch Tool suggests that markets see today's figures as good enough to allow for another rate hike… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
