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Fed still on track for a September hike after non-farm payrolls - CIBC

CIBC continues to believe the Federal Reserve will raise rates by 25 basis points once again in September.The below consensus hiring and past downward revisions suggests that the labor market is coming into better balance. Still, the drop in the unemployment rate and solid wage growth will keep the Fed on track for a 25bp hike in September.The rates market is pricing in just a 13.5% chance of a Sept hike now and around 35% for November. The decision isn't until September 20 so we will get anothe... Read More

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Still

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September

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After

Non

Farm

Payrolls

Cibc

Non farm

Forex

Posted: Aug 4 2023, 15:01

Author Name: forexlive

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