Non-farm payrolls LIVE

At the June Federal Open Market Committee (FOMC) meeting, the Fed Funds rate remained unchanged at 5.25%-5.50%. The 2024 median dot provided a hawkish surprise, as it was revised up from the March projections to reflect just 25 bps of cuts in 2024 vs. 75 bp previously.
The July FOMC meeting is expected to see the Fed maintain a dovish tone and keep rates unchanged at 5.25%-5.50%. This would be in line with dovish comments from Fed Chair Powell, stemming from cooler inflation data since June. It may signal that a first rate cut is imminent. The US interest rates market is fully priced for a 25 bp rate cut in September, with 66 bps of rate cuts priced before year-end.
#Trading #nonfarmpayroll #dollar
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