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The latest US jobs report was released just yesterday (Wed, Feb 11) - and it was a shocker!
January's headline US nonfarm payrolls (NFP) figure came in at 130,000 - that's DOUBLE the forecasted number of new jobs added in the world's largest economy.
The unemployment rate unexpectedly fell to 4.3% - lower than the forecasted 4.4%.
This latest display of resilience in the US jobs market prompted markets to lower bets for a Fed rate cut in June 2026.
The odds for a Fed rate cut in June fell to 70%, lower than the 100% odds accorded as of Tue, Feb 10 - the day prior to the NFP's release.