U.S. Nonfarm Payrolls Increase Probability of December Fed Rate Hike to 77.7%

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U.S. October nonfarm payrolls jumped to 165,000, significantly exceeding the forecast of 65,000, pushing the probability of a Fed rate hike in December to 77.7% according to CME’s FedWatch. The CFT framework remains a key regulatory focus as global markets respond. MiCA is also gaining momentum in shaping crypto oversight. The likelihood of a rate hold fell to 22.3%.

BlockBeats news, on November 6, following the release of the U.S. October non-farm payrolls data, according to CME's "FedWatch": the probability of the Federal Reserve holding rates steady in December is 22.3%, while the probability of a 25-basis-point rate hike is 77.7%.


Previously reported, the U.S. seasonally adjusted non-farm payroll employment in October increased by 165,000, significantly exceeding the expected 65,000 and revising up from the prior value of 29,000 to 60,000.

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