๐บ๐ธ US October NFP: Are Rate Cuts Still Possible?
The US October jobs report is coming on November 6, and crypto investors are watching closely.
๐ Market Expectations:
60Kโ65K new jobs expected.
September added only 29K jobs.
Unemployment expected at 4.2%.
๐ฆ Fed Outlook: Inflation remains above target, making rate cuts less likely in the near term. Markets are also watching the possibility of a December rate hike.
โฟ Crypto Impact: Weak jobs data could support $BTC and $ETH , while stronger employment may increase pressure on crypto.
๐ Will the NFP report change the Fed's next move?
#NFP #FederalReserve #bitcoin #Ethereum #CryptoNews
The US October jobs report is coming on November 6, and crypto investors are watching closely.
๐ Market Expectations:
60Kโ65K new jobs expected.
September added only 29K jobs.
Unemployment expected at 4.2%.
๐ฆ Fed Outlook: Inflation remains above target, making rate cuts less likely in the near term. Markets are also watching the possibility of a December rate hike.
โฟ Crypto Impact: Weak jobs data could support $BTC and $ETH , while stronger employment may increase pressure on crypto.
๐ Will the NFP report change the Fed's next move?
#NFP #FederalReserve #bitcoin #Ethereum #CryptoNews
