Traders Increase Bets On Federal Reserve Rate Cut Following Job Data Release

According to Odaily, traders have intensified their expectations for a Federal Reserve interest rate cut after the release of the latest job openings data. Nick Timiraos, often referred to as the 'Fed's mouthpiece,' noted that the number of job openings in the United States slightly increased in January, reversing the previous decline seen in the construction and manufacturing sectors. Despite this, the private sector employment market showed minimal fluctuations, with hiring and layoffs remaining stable.