After US Jobs Data Release, Probability of Fed Rate Cut in January Further Decreases

BlockBeats News, January 8th: Last night, the U.S. released the December ADP Employment Report, which showed a moderate recovery in the U.S. job market. As a result, the probability of a rate cut in January on CME's "FedWatch" has dropped to 11.1%, down from 17.7% yesterday.

On Polymarket, the probability of a rate cut in January has dropped to 8%, down from 10% yesterday.