📊 Why is BTC retreating? The US labor market came in stronger than expected: 162,000 jobs in August, almost triple the forecast, with unemployment at 4.1%.
That revived expectations of a rate hike. According to the CME’s FedWatch tool, the probability that the Fed will act at the September 16 meeting rose to 60%, up from 49% before the data. Higher rates typically weigh on risk assets overall.
📰 Via Ámbito
⚠️ This is not financial advice. Crypto is volatile. Do your own research. #Bitcoin #Fed #Crypto #Mercados #Binance
That revived expectations of a rate hike. According to the CME’s FedWatch tool, the probability that the Fed will act at the September 16 meeting rose to 60%, up from 49% before the data. Higher rates typically weigh on risk assets overall.
📰 Via Ámbito
⚠️ This is not financial advice. Crypto is volatile. Do your own research. #Bitcoin #Fed #Crypto #Mercados #Binance