Weak July job market data on Friday drove financial markets to downgrade what had been strong expectations that the U.S. central bank will raise rates next month, after a week in which several Fed officials made the case for lifting rates to tackle stubborn inflation.
Following the data release, futures markets flipped the odds of a rate hike at the September 15 to 16 Federal Open Market Committee meeting from likelier-than-not to a worse-than-even chance, and are split on where the Fed will end up by year's end.
