A look at what's expected
The market continues to see a better-than-even chance of a Fed cut before year end but the probabilities have declined from the peak. The implied probability of a December cut is now 57.7%, down from 77.3% on March 27.
Since then sentiment in markets has improved and Treasury yields have rebounded. However a poor jobs report on Friday would be the second one in a row and raise some fresh questions about the overall health of the economy.
