FED RATE HIKE ODDS FALL
๐ Expectations for an October Fed rate hike have dropped sharply after weaker U.S. jobs data.
The U.S. added just 29K jobs in September versus roughly 90K expected, while unemployment rose to 4.2%. August payrolls were also revised down by 29K.
With labor conditions cooling and inflation data also softer, markets now see a much lower chance of an October hike.
A less aggressive Fed could become a positive macro backdrop for crypto.
$BTC $ETH $IOTA
$BAT $AKE
#fedoctoberratehikeoddsfallto17%
๐ Expectations for an October Fed rate hike have dropped sharply after weaker U.S. jobs data.
The U.S. added just 29K jobs in September versus roughly 90K expected, while unemployment rose to 4.2%. August payrolls were also revised down by 29K.
With labor conditions cooling and inflation data also softer, markets now see a much lower chance of an October hike.
A less aggressive Fed could become a positive macro backdrop for crypto.
$BTC $ETH $IOTA
$BAT $AKE
#fedoctoberratehikeoddsfallto17%