Traders increase bets on Fed rate cut after U.S. job openings data released
U.S. short-term interest rate futures reportedly rose slightly after the release of U.S. job openings data, as traders increased their bets on a Federal Reserve rate cut.
The number of U.S. JOLTs job openings fell to its lowest level since early 2021 in September, and layoffs increased, in line with a slowdown in the labour market. The Bureau of Labor Statistics' Job Openings and Labour Turnover Survey (JOLTS), released on Tuesday, showed vacancies fell to 7.44 million in August from a downwardly revised 7.86 million in July.
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