The probability of a rate cut on December 10th is as high as 94%
ADP data shows that the number of jobs decreased by 32,000 in November, below the expected 5,000, indicating weak performance.
The market currently anticipates a 94% chance of a 25 basis point rate cut next week.
As the quantitative tightening policy gradually comes to an end, a rate cut is imminent, and the cryptocurrency market may welcome a broader recovery.
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