Strong non-farm employment data in the US in October reignites expectations for tightening policies
2026-11-09 11:11:34
According to CoinMeta, the United States added 165,000 non-farm jobs in October, exceeding market expectations of 65,000, and the unemployment rate dropped to 4.1%. The data for August and September were revised upward by a total of 84,000 jobs, with average hourly wages increasing by 0.4% month-on-month and 3.1% year-on-year. Following the release of these data, market expectations for the Federal Reserve to raise interest rates by 25 basis points in December have risen to around 80%, and the CPI announced on November 10 will become a key test. The strong employment figures provide a solid economic foundation for the Federal Reserve to maintain a hawkish stance in its subsequent decisions.
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Source:Internet
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