Rate cut odds for December just slipped to 31% The reason for the drop: The US Bureau of Labor and Statistics announced there won't be any October jobs report, and the November job report will be coming after the FOMC meeting This means Powell will be flying blind into the FOMC meeting And the market is assuming he'll play it safe and won't cut rates Bitcoin didn't like any of this, and that's probably why we just hit 86,000 today.(Lark Davis)