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Amazon Cloud Revenue Fails To Impress; Weak Jobs Number May Make Case For Rate Cut

UNITED STATES, AUG 1 – The Fed's rate cut odds rise due to weaker job growth and revised employment data, with a 65% probability for a 25 basis points cut in September, per ICICI Bank and CME Group.

  • New Delhi, August 1 : ICICI Bank said the likelihood of a 25 basis points September rate cut by the US Federal Reserve has increased, but depends on upcoming data.
  • At its recent meeting, the FOMC kept interest rates unchanged at 4.25%–4.5%, with Federal Reserve Governors Christopher Waller and Michelle Bowman dissenting in favor of a cut.
  • Following the report, market models from the CME Fed Watch Tool show the probability of a September rate cut increased to 67%, with expectations surpassing 66% in some analyses.
  • Amid an incoming data slate, two inflation reports and two labour market reports are scheduled before the mid-September Fed meeting, with one more jobs report due.
  • Though a dissent emerged, the report noted that growing divergence within the FOMC may aim to gain support before leadership changes, despite the majority being cautious.
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Latestly broke the news in on Friday, August 1, 2025.
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