markets
Breaking: US rate futures cut chances of September rate hike after jobs data
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
Rate-cut odds surge after jobs data — growth and small-caps catching a bid intraday.
Rate futures slashed September hike chances following this morning's employment print, sending risk appetite higher across the session. Small-caps are leading: IWM at $299.91 (+0.53%), with rate-sensitive names AFRM at $78.09 (+1.79%) and RIVN at $15.62 (+1.46%) outperforming. TSLA at $323.91 confirms broad EV/growth participation.
Watch: IWM $300 — clean round-number resistance, a sustained break opens the next leg. AFRM is the pure rate-sensitivity tell; hold above $78 keeps momentum intact, fade below signals the move is cooling.