UPDATE 1-FED FOCUS-October FOMC eyed for first rate cut

(Reuters) - CHICAGO, Aug 3 - A string of weak data and signs
of financial market stress have analysts guessing the U.S.
Federal Reserve will cut interest rates in October as price
pressures ease and economic growth slows.




Following a report on Friday that showed U.S. non-farm
payrolls expanded by a slim 92,000 workers last month, the
implied chances of an October rate cut rose to 100 percent from
60 percent on Thursday.


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