Instead, the US economy has been rather resilient and that is also exemplified by the labour market - even if things are easing there.
But if the data worsens, then there will be cause for concern in pressuring the Fed to resume rate cuts to start the new year.
For now, Fed funds futures are ruling out a 25 bps rate cut for later this month with ~93% odds priced in that the Fed will keep rates unchanged. The first full rate cut is only priced in for June with ~42 bps in total priced for this year. The swings, if any, in pricing here will be what dictates broader market sentiment before we get to the weekend.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about it s all about the us jobs report today was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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