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After the release of the "Small Nonfarm Payrolls" data, the probability of the Federal Reserve holding interest rates steady in June is 93.9%.

1 hours ago

May 6 – The U.S. ADP Employment Report for April showed 109,000 jobs added, marking the largest gain since January of last year. The figure topped the market’s expectation of 99,000 jobs and exceeded the prior month’s reading of 62,000. Per CME’s FedWatch Tool, following the release of the ADP NFP data, the probability the Federal Reserve will hold interest rates steady through June stands at 93.9% (down from 94.2% previously). The odds of a 25-basis-point rate cut in that window are 6.1% (up from 5.8% prior). (Source: FXStreet)
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