Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained why they would've cut rates by 25-basis-points.

Since unemployment was higher than expected and is potentially nearing a cycle high, the CME FedWatch tool reported that bets for a Fed interest rate cut in September improved to 87% on August 1 from 38% on July 31. The Fed held interest rates unchanged at a range of 4.25% to 4.50% on July 30, but not every voting member agreed.

"probably starts to get the Fed feeling a little bit more comfortable" about lowering interest rates. Lisa Bernhard has more.