Stocks, Rate-Cut Odds Plunge After BLS Confirms Jobs Data Will Come After FOMC

As we detailed earlier, stocks had already started to slide but then shortly after lunch, the BLS confirmed it won't publish the Oct jobs report at all (widely viewed as likely being weak), and the Nov jobs report will be published on Dec 16th - that's after the final FOMC meeting of the year.

The market saw this as hawkish (with The Fed flying blind for its Dec decision), sending rate-cut odds tumbling...