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JUST IN: 🇺🇸 87% chance of a 25 bps rate cut at this week's FOMC meeting
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Lorenzo didn’t arrive with noise. It arrived with intent.
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SUMMARY OF U.S. DELAYED NOVEMBER JOBS REPORT: 1. The economy added 64,000 jobs, beating estimates of 40,000. 2. That follows a huge downward revision for October, which lost 105,000 jobs. 3. The U.S. unemployment rate jumped to from 4.4% to 4.6%, compared to estimates for 4.5%. It was the highest level for the reading in more than four years. • Key Takeaway: The November jobs report pretty much slams the door shut on a January rate cut. #USJobsData
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