On September 5th, traders currently believe there is a 100% chance that the Federal Reserve will cut interest rates this month, with a 12% probability that the rate cut will reach 50 basis points. Before the weak jobs report was released, the market expected an interest rate cut, but not of this magnitude. Brian Jacobsen of Annex Wealth said that the revised data shows "almost no new jobs," once again triggering market discussions about a larger rate cut. After the data was released, U.S. short-term Treasury yields fell sharply. [BlockBeats]