A post by @DeItaone on X.
US JOBS SURGE. FED HIKE ODDS REBOUND.
@DeItaone on X
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October payrolls rose 165,000, nearly triple the 59,000 consensus forecast, while the unemployment rate fell to 4.1%, according to Walter Bloomberg (@DeItaone). Prediction markets responded by pricing a 79% chance of a December Fed rate hike, up from 67%, with hold odds retreating to 22%. The surprise strength in hiring signals a still-resilient labor market and revives expectations for tighter monetary policy. Traders will watch incoming inflation and employment data, along with Fed communications, for confirmation that a December move is likely.
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Named in this story
Federal Reserve, US economy, Walter Bloomberg