0.25% rate cuts by US FED likely due toa small increase in employment figures

Strong September US jobs data has shifted expectations for the Federal Reserve toward a smaller rate cut. The Labor Department reported nonfarm payrolls of 254,000, above Wall Street expectations, and an unemployment rate of 4.1%, down from 4.2% the prior month and below the 4.2% forecast. Following the release, the CME FedWatch Tool showed markets anticipating a 25 bps cut at the next meeting, down from bets on 50 bps. After the data, the US 10-year bond yield rose 2.3% to 3.947, and Bitcoin was up 1.4% to $61,408.