Expectations to cut rates by an additional 0.25% in the recovery meeting in December. After first falling below 40% yesterday, the probability has bounced back to 51%, currently at 46.6%.
The reason is that the labor market continues to signal weakness as the number of first-time unemployment claims rises to 232,000, higher than the forecast of 223,000.
At the same time, the dovish statements from Governor Waller and Richmond Fed President Tom Barkin also contributed to restoring confidence in a rate cut in December.
U.S. stocks continue to be in the red, crypto has not seen much volatility, BTC returns to $93K, ETH hovers around $3K1.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Expectations to cut rates by an additional 0.25% in the recovery meeting in December. After first falling below 40% yesterday, the probability has bounced back to 51%, currently at 46.6%.
The reason is that the labor market continues to signal weakness as the number of first-time unemployment claims rises to 232,000, higher than the forecast of 223,000.
At the same time, the dovish statements from Governor Waller and Richmond Fed President Tom Barkin also contributed to restoring confidence in a rate cut in December.
U.S. stocks continue to be in the red, crypto has not seen much volatility, BTC returns to $93K, ETH hovers around $3K1.