John Choong, head of markets and research at Investors Edge, said that after the release of the non farm payroll report in November, the market predicted a probability of over 90% for the Federal Reserve to cut interest rates this month, which has exceeded market expectations. Traders seem to be concerned that although the US job market has not cooled down, there are no signs of warming up either. But Choong's interpretation of the data is different. He believes that the non farm payroll data for November shows that last month's weakness was only a temporary phenomenon caused by hurricanes, and the US labor market is resilient. The Federal Reserve needs to be careful in "threading the needle" because if inflation remains high, they cannot cut interest rates too early. He expects the expectation of a rate cut to be repriced, "because today's strong data challenges the view of a December rate cut @ogypsy