Fed rate hike bets for Oct fall sharply on soft data, dovish comments

Market rate-hike probabilities for October have dropped sharply following weaker-than-expected economic data and dovish commentary from Federal Reserve officials. This shift reflects growing expectations for a pause or potential rate cut, which typically supports risk assets and weakens the dollar. Traders should monitor upcoming employment and inflation prints, as near-term Fed messaging will likely drive volatility in equities, bonds, and FX.

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