As reported by Bpaynews, the US non-farm payrolls data for October and November will be delayed and released together on December 16, six days after the Federal Reserve’s final policy meeting of the year. The delay, caused by a government shutdown, removes the jobs report as a direct input for the Fed’s December decision, increasing reliance on forward guidance. Futures currently imply a 92% chance of a rate cut in December, with the Fed’s communication on the 2025 path being a key risk for USD and front-end yields. The Bureau of Labor Statistics reported an 80.2% survey collection rate, which may lead to larger revisions in the final report. Traders are advised to focus on alternative data and the Fed’s tone ahead of the meeting.
US Non-Farm Payrolls Delayed to Dec. 16, Fed Policy Focus Intensifies
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