US Short-Term Interest Rate Futures Rise After Job Openings Data Release

According to BlockBeats, on October 29, U.S. short-term interest rate futures saw a slight increase following the release of job openings data. Traders have heightened their bets on a potential Federal Reserve rate cut. The number of job openings in the U.S. for September fell to its lowest level since early 2021, with an increase in layoffs, indicating a slowdown in the labor market. The Job Openings and Labor Turnover Survey (JOLTS) released by the U.S. Bureau of Labor Statistics on Tuesday showed that job openings decreased from a downwardly revised 7.86 million in July to 7.44 million in August.