The release of the US non-farm payrolls data for October and November has been postponed to December 16 due to a government shutdown, occurring six days after the Federal Reserve's final policy meeting of the year. This delay means the jobs report will not directly influence the Fed's December decision, heightening the importance of forward guidance.
Current futures indicate a 92% probability of a rate cut in December, with the Fed's communication on the 2025 economic outlook posing significant risks for the US dollar and short-term yields. The Bureau of Labor Statistics noted an 80.2% survey collection rate, suggesting potential for substantial revisions in the final report. Market participants are advised to monitor alternative economic indicators and the Fed's statements closely ahead of the meeting.
US Non-Farm Payrolls Delayed to December 16 Amid Fed Policy Focus
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