Markets increases chances of a September Fed cut to 75% after JOLTS - FJElite

The market now sees -44 basis points worth of cuts from the Fed by year-end, as well as a 75% chance of a September rate cut.

Despite this though the market has discounted the data very quickly, with the initial reaction faded across major asset classes.

The lack of follow through does make trading tomorrow's ISM Services slightly trickier.