Following the release of U.S. employment and unemployment data, the focus shifts to the Federal Reserve's upcoming decision on November 7. According to CME interest rate futures:
There's a 32% chance of a 50 basis point rate cut.
A 25 basis point rate cut is favored, with 68% probability.
This indicates the market is leaning toward a more cautious rate adjustment, while still considering the possibility of a larger cut.