Fed Rate Cut Odds Rise to 40%

Financial markets predict a 40% chance of Federal Reserve interest rate cut, as the Fed weighs job market data to decide between stimulating hiring and combating inflation. The decision, crucial for borrowing costs, is uncertain with the next meeting just around the corner. The Fed has kept rates steady to control inflation but cut them in September and October due to job market slowdown. The latest jobs report, delayed and incomplete, adds complexity to the central banks decision.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.