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Due to the "Fill the Gap in Missing Data" message, the market is once again betting on a rate cut in December.
BlockBeats News, November 19th, according to Polymarket data, the current prediction market probability of the Fed cutting interest rates by 25 basis points in December has risen to 52%, while the probability of rates staying unchanged has decreased to 46%.
According to the CME FedWatch Tool, the probability of a 25 basis point rate cut by the Fed in December has increased to 48.9%, up from 42.4% yesterday.
In today's news, a U.S. Department of Labor spokesperson stated that the Labor Department plans to catch up on the missing weekly initial jobless claims data from the government shutdown period by the end of Thursday local time.
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