U.S. nonfarm payrolls data released on Oct. 2 added to the view that momentum in the labor market is easing. Following the report, traders shifted rate expectations lower, according to CME Group’s FedWatch tool. The probability that the Federal Reserve will leave rates unchanged at its October meeting rose to 83%, up from 72% before the employment report. At the same time, the probability of another rate hike fell from 28% to 17%.
Rate expectations further out also softened. Pricing in federal funds rate futures now implies that the market expects the Fed to deliver about 22.2 basis points of additional tightening by the end of 2026. Before the data release, that figure stood at 25.5 basis points. The update was cited by BlockBeats, which referenced Jin10 as the data source.
U.S. nonfarm payrolls data on Oct. 2 reinforced the view that momentum in the labor market is cooling.
According to CME Group’s FedWatch tool, traders now see an 83% chance that the Federal Reserve will keep rates unchanged at its October meeting, up from 72% before the jobs report. The probability of a rate hike fell to 17% from 28%.
Broader rate expectations also moved lower. Federal funds futures pricing now suggests the market expects about 22.2 basis points of additional Fed tightening by the end of 2026, down from 25.5 basis points before the data was released.
BlockBeats cited Jin10 for the figures.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
