Analysts Assess U.S. September Nonfarm Payrolls Amid Fed Rate Cut Speculation

According to BlockBeats, analysts are evaluating the U.S. September nonfarm payrolls data, highlighting the difficulty in assessing the likelihood of a Federal Reserve rate cut in December. Market pricing indicates a nearly 50% probability of such a cut, with the Beige Book potentially playing a decisive role, as no new CPI or employment reports will be available before the December meeting. For long-term interest rates, if the Fed directs market attention to a potential rate cut in January, the December decision becomes less significant. Therefore, concerns about a December rate cut are primarily relevant to short-term rate traders.