after the release of US non-farm payroll data, traders now believe that the probability of a Fed rate cut in December is 85%, compared to 67% before the employment report was released.
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Traders now see an 85% chance of a December Fed rate cut
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The US will release a series of employment data tonight, and the probability of an interest rate cut has reached as high as 94%.
according to the schedule, at 20:30 tonight, the number of Challenger job cuts in the US for November will be released; at 21:30, the US initial jobless claims for the week ending November 29 will be announced, with an expected value of 220,000. In addition, at 23:00, the US Global Supply Chain Pressure Index for November and the US factory orders month-on-month rate for September will also be released. Although tonight's employment data is relatively important, the market is currently highly betting on a 25 basis point rate cut by the Federal Reserve in December. As of the time of writing, the probability of this event on Polymarket has reached as high as 94%.
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