Reported 20 days ago
Traders have heightened their expectations for a Federal Reserve interest rate cut in December after a mixed jobs report indicated job creation and rising unemployment. The likelihood of a quarter-point rate reduction now stands at around 80%, as market response to the employment data showcased a rally in US Treasuries and an increase in trading volumes in interest-rate futures. Figures from November show the US economy added 227,000 jobs, while the unemployment rate ticked up to 4.2%, with inflation expectations rising, prompting discussions on the Fed's potential actions in response to evolving economic conditions.
Source: YAHOO