[Nonfarm Payrolls Exceed Expectations, Traders Reduce Fed Rate Cut Bets] Jin10 Data, February 11 – Following the release of the January nonfarm payroll report, U.S. short-term interest rate futures declined. Currently, traders estimate the probability of the Federal Reserve cutting rates before April to be only 20%, significantly lower than the approximately 40% prior to the data release. Although they still bet on the Fed implementing the next rate cut in June, they now believe the likelihood of holding rates steady has risen to nearly 40%, compared to about 25% before the employment report was published.