๐จ $BTC
โ FED RATE-HIKE ODDS DROP TO 17%
The market may be getting some breathing room as expectations for another Fed rate hike in October fall sharply.
๐บ๐ธ U.S. Nonfarm Payrolls rose by just 29K in September, while the unemployment rate climbed to 4.2%.
According to CME FedWatch: โข ๐ข 83% chance of rates staying unchanged โข ๐ด 17% chance of an October rate hike
The weaker labor data could reduce pressure on the Fed to tighten policy further, which may ease liquidity concerns across risk assets like crypto.
But thereโs still a major catch ๐
No rate hike does NOT automatically mean rate cuts are coming soon. Interest rates may remain elevated, and upcoming inflation data will be crucial for the next move.
โ ๏ธ Stay patient and manage risk carefully.
#BTC #BinanceSquareTalks #Fed #Crypto_Jobs๐ฏ #interestrates
โ FED RATE-HIKE ODDS DROP TO 17%
The market may be getting some breathing room as expectations for another Fed rate hike in October fall sharply.
๐บ๐ธ U.S. Nonfarm Payrolls rose by just 29K in September, while the unemployment rate climbed to 4.2%.
According to CME FedWatch: โข ๐ข 83% chance of rates staying unchanged โข ๐ด 17% chance of an October rate hike
The weaker labor data could reduce pressure on the Fed to tighten policy further, which may ease liquidity concerns across risk assets like crypto.
But thereโs still a major catch ๐
No rate hike does NOT automatically mean rate cuts are coming soon. Interest rates may remain elevated, and upcoming inflation data will be crucial for the next move.
โ ๏ธ Stay patient and manage risk carefully.
#BTC #BinanceSquareTalks #Fed #Crypto_Jobs๐ฏ #interestrates
