BlockBeats News, February 6th, this Thursday, the US initial jobless claims for the week ending January 31st came in at 231,000, higher than the expected 212,000. Additionally, ADP research data on Wednesday showed that the private sector only added 22,000 jobs in January, below market expectations, with the previous month’s data revised down.
The related employment data has triggered renewed market attention on the Fed’s March decision. As of the time of writing, the probability of a rate cut in March on Polymarket has increased from 8% two days ago to 16%, while the probability of rates staying unchanged has decreased from 91% to 82%.
