CME Group FedWatch Tool: probability of an interest rate increase drops to 88%

FXStreet – The CME Group FedWatch Tool, writes of a rate hike at the next meeting of the Central Bank to the middle of the month, currently with a probability of 88 percent. Yesterday this was still at 96 percent. The cause for the decline precipitated the US economic data were disappointing. By September, the probability remained unchanged at 23 percent.

In the U.S. economy in may, less new jobs created than expected. Companies and public Bodies created outside of agriculture, a total of 138.000 Jobs. Economists had expected a job growth of 185,000. In addition, the hourly wages remained unchanged at 2.5 percent. The unemployment rate fell surprisingly to 4.3 percent.

** FXStreet News Editorial, FXStreet**

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