The U.S. Bureau of Labor Statistics is poised to release November's non-farm payrolls data at 8:30 p.m. ET today, a report widely anticipated by markets for its potential impact on Federal Reserve policy.
As of now, market data from the CME FedWatch Tool indicates a 71.8% probability of a 25 basis-point rate cut in December. This marks a significant shift in expectations, reflecting optimism for easing monetary policy in light of recent economic signals.
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