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BTCC / BTCC Square / Global Cryptocurrency /
October Jobs Report Scrapped Amid Shutdown, Forcing Markets to Guess at Fed’s Next Move

October Jobs Report Scrapped Amid Shutdown, Forcing Markets to Guess at Fed’s Next Move

Author:
Global Cryptocurrency
Published:
2025-11-19 20:13:01
6
1
BTCCSquare news:

The Bureau of Labor Statistics canceled October's jobs report due to the government shutdown, bundling it with November's delayed release. Critical unemployment data remains missing as collection froze under Trump-era closures. Markets now face unprecedented uncertainty ahead of the Fed's December meeting.

Traders rapidly recalibrated rate-hike bets after Fed minutes revealed DEEP divisions. Odds of a pause jumped to 63.8% as hawks clashed with officials prioritizing labor market softness over stubborn inflation. The September payrolls report, already delayed, finally arrives Thursday - a stale snapshot in volatile times.

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