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Traders increase bets on Fed rate cut after U.S. job openings data released

Traders increase bets on Fed rate cut after U.S. job openings data released

Bitget2024/10/29 15:25

U.S. short-term interest rate futures reportedly rose slightly after the release of U.S. job openings data, as traders increased their bets on a Federal Reserve rate cut.

The number of U.S. JOLTs job openings fell to its lowest level since early 2021 in September, and layoffs increased, in line with a slowdown in the labour market. The Bureau of Labor Statistics' Job Openings and Labour Turnover Survey (JOLTS), released on Tuesday, showed vacancies fell to 7.44 million in August from a downwardly revised 7.86 million in July.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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