US rate futures raise easing bets for July, fully prices in September cut
Data showed private sector jobs unexpectedly fell by 33,000 last month.
Fed funds futures priced in as much as a 27% chance of a July cut post jobs data, according to LSEG estimates. It was last at 23%, compared with a roughly 20% just before the data release. For the September meeting, the market has fully priced in a 25 basis-point rate decline.
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