Markets are seeing growing odds of a September rate cut. The CME's FedWatch tool suggests an 87.4% probability of a 25-bps rate cut in September. The latest round of weak data and declining consumer activity reinforced expectations for monetary policy easing.The economy added just 73,000 jobs in July, well below the 104,000 expected. Job gains for the prior two months were revised sharply lower by a combined 258,000, and the unemployment rate ticked up to 4.2%. Manufacturing activity contracted, factory hir ...