Lates News

U.S. nonfarm payrolls rose by 165,000 in October, nearly three times the expected 59,000, while the unemployment rate fell to 4.1%. Prediction markets now see a 79% probability of a Fed rate hike in December, up from 67% previously; the probability of keeping rates unchanged has fallen to 22%. The strong hiring momentum has once again increased pressure on the Federal Reserve to tighten monetary policy.