After the release of the non-farm payroll data: the probability of the Federal Reserve cutting interest rates by 50 basis points in September increased from 0 to 11.7%

According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in September is 0%, the probability of a 25 basis point rate cut is 88.3%, and the probability of a 50 basis point rate cut is 11.7% (the probability was 0 before the data was released). The probability of the Fed keeping interest rates unchanged in October is 0.4%, the probability of a cumulative 25 basis point rate cut is 36.2%, and the probability of a cumulative 50 basis point rate cut is 63.4%.