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U.S. October non-farm payrolls data surprised traders as they increased bets on a 25 basis point rate cut by the Fed

U.S. October non-farm payrolls data surprised traders as they increased bets on a 25 basis point rate cut by the Fed

Cointime

Cointime2024/11/02 01:45

coin_news.by:Cointime

the US non-farm employment data for October was unexpectedly low (12,000 people), causing traders to increase their bets on a 25 basis point interest rate cut by the Federal Reserve next week.

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