Société Générale: The likelihood of a Fed rate hike in July has decreased to 20%

According to Jinshi reports, Isabelle Mateos y Lago, Chief Economist at BNP Paribas, stated that if the non-farm payroll numbers in July are close to or exceed 130,000, the Federal Reserve's meeting will be full of suspense. Currently, the short-term interest rate futures market expects the likelihood of the Federal Reserve raising interest rates in the July 29 decision to be about 20%, down from 33% before the non-farm report was released.

Lago also mentioned that the European Central Bank is expected to raise interest rates again in September, but did not rule out the possibility of not making additional rate hikes.