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The October employment report won’t be released until December…
But here’s why that might actually be a good thing:
Right now, the odds of a December rate cut are sitting at 85%.
The only major factor that could drag those odds lower is strong labor market data.
Strong labor market = No urgency for a rate cut.
But since we won’t get any new employment numbers until December 10th which is after the Fed meeting...
The December rate cut is basically a lock at this point.
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