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🚨 BIG MARKET REACTION TODAY: DECEMBER FED RATE CUT ODDS JUST PLUNGED ON KALSHI.
BLS officially cancels the October Jobs Report — couldn't retroactively collect household survey data (unemployment rate, etc.). Nonfarm payrolls get folded into an extra-delayed November report dropping Dec 16... after the FOMC meeting.
No October NFP print, no timely November data → Fed flies half-blind into December decision.
Markets instantly trimmed cut bets:
🔸 Hold steady: 66% rising
🔸 25bps cut: ~32%
🔸 50bps+: basically dead
Powell already said “no cut is preordained.” Now there’s even less labor-market visibility.

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