Following the release of the nonfarm payrolls report, Federal Reserve the probability of the Fed keeping interest rates unchanged in January has risen to 97.2%.
Svmuu News: According to CME’s “Federal Reserve”: Following the release of the nonfarm payrolls data, the probability of a 25-basis-point rate cut by the Federal Reserve in January stands at 2.8% (down from 11.6% prior to the release), while the probability of rates remaining unchanged has risen to 97.2% (up from 88.4% prior to the release).The probability of a cumulative 25-basis-point rate cut by March is 32.3% (35.8% prior to the release), while the probability of rates remaining unchanged is 66.8% (60.6% prior to the release).and the probability of a cumulative 50-basis-point cut is 0.9% (3.7% prior to the announcement).
Source:Odaily · Source Link
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