Dec. Rate Cut in Doubt
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What should the Fed do to fight high inflation while preventing the job market from collapsing? Ask its 12 leaders and you'll get 12 different answers.
A key Polymarket contract tracking the Federal Reserve’s December rate decision has seen its probability of a cut plunge from nearly 90% in late October to just about 30% today, as traders grapple with the fallout from the missing October jobs report and heightened macro uncertainty.
Nvidia’s earnings report crushed analysts’ forecasts and tamped down on the market’s fears of an AI bubble bursting.