🚨 BREAKING: Jobs Report Raises Hike Odds — 165K Jobs Shock Fed!
Jobs Report just changed everything for the Fed.
US employers added 165,000 jobs in October — nearly TRIPLE the 59,000-65,000 that Wall Street expected. Unemployment edged down to 4.1%, beating the 4.2% forecast.
This is a massive jobs shock.
Here is what most people are missing:
Before this report, December hike odds were around 67-75%.
After this report, CME FedWatch jumped to 77-85% for a 25 bps hike at the Fed's December 8-9 meeting.
The Fed had left rates unchanged at 3.75% to 4% last week, but 2 of its 12 voters already wanted a hike.
Strong jobs = strong economy = Fed can hike more to fight inflation.
And the market felt it instantly.
Bitcoin fell under $76,000 after the report, as traders priced in tighter money.
This is the classic trap: Good news for jobs is BAD news for markets. Because a hot labor market means the Fed will NOT cut soon — it will hike.
Will the Fed really hike in December, or will this be the last hot report before a slowdown?
#JobsReportRaisesHikeOdds #JobsReport #Fed #RateHike #BTC #ETH #Economy #Crypto#jobsreportraiseshikeodds
Jobs Report just changed everything for the Fed.
US employers added 165,000 jobs in October — nearly TRIPLE the 59,000-65,000 that Wall Street expected. Unemployment edged down to 4.1%, beating the 4.2% forecast.
This is a massive jobs shock.
Here is what most people are missing:
Before this report, December hike odds were around 67-75%.
After this report, CME FedWatch jumped to 77-85% for a 25 bps hike at the Fed's December 8-9 meeting.
The Fed had left rates unchanged at 3.75% to 4% last week, but 2 of its 12 voters already wanted a hike.
Strong jobs = strong economy = Fed can hike more to fight inflation.
And the market felt it instantly.
Bitcoin fell under $76,000 after the report, as traders priced in tighter money.
This is the classic trap: Good news for jobs is BAD news for markets. Because a hot labor market means the Fed will NOT cut soon — it will hike.
Will the Fed really hike in December, or will this be the last hot report before a slowdown?
#JobsReportRaisesHikeOdds #JobsReport #Fed #RateHike #BTC #ETH #Economy #Crypto#jobsreportraiseshikeodds
