The U.S. will release its nonfarm payrolls report this Friday, a key input for the Fed's next rate decision. According to CME FedWatch, traders now assign a probability above 50% to two rate hikes this year.
The U.S. is set to release its nonfarm payrolls report this Friday, with the data serving as a key reference for the Federal Reserve's upcoming rate decision.
Before that, CME's FedWatch tool showed traders pricing in a better-than-50% chance that the Fed will hike rates twice this year.
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