U.S. Labor Department’s Missing Report Impacts Fed Rate Cut Outlook

The U.S. Labor Department’s delay in releasing the October employment report has sent ripples through the financial markets, impacting Fed policy and prompting a reassessment of rate cut expectations. Market sentiment now leans towards stability at 3.75%-4%, with bets on a 25 basis point rate cut significantly reduced. This uncertainty is driving shifts in market strategies as traders await clarity on the Federal Reserve’s next move.