🚨 The Fed may raise interest rates again in December
October’s jobs report came in strong: the U.S. economy added 165,000 jobs, compared with the expected 59,000—about 100,000 more than forecast. Unemployment fell to 4.1%.
After this, the odds of a 25-basis-point rate hike in December jumped to nearly 77%, according to CME.
This means a stronger dollar and higher yields, which usually puts pressure on $BTC and currencies.
#JobsReportRaisesHikeOdds
October’s jobs report came in strong: the U.S. economy added 165,000 jobs, compared with the expected 59,000—about 100,000 more than forecast. Unemployment fell to 4.1%.
After this, the odds of a 25-basis-point rate hike in December jumped to nearly 77%, according to CME.
This means a stronger dollar and higher yields, which usually puts pressure on $BTC and currencies.
#JobsReportRaisesHikeOdds
