U.S. Non-Farm Payrolls Report Set for Release Today: Key Insights Ahead of Fed Decision
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.