US Unemployment Rate Drops, Traders Increase Bets on Fed Pausing Rate Cuts
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BlockBeats News, January 9th, influenced by the latest US Labor Department employment data, traders increased their bet on the Fed pausing rate cuts.
As of the time of writing, the probability of no rate cut by the Fed in January on Polymarket briefly rose to 96%, with the probability of a rate cut being only 5%.
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