#usoctobernfp-areratecutsstillpossible
Wall Street is waiting for Friday's US October jobs report. Could weak employment data reopen the door to Federal Reserve rate cuts?
📊 What we know so far:
ADP reported 86,000 private-sector jobs added in October, above expectations of 69,000.
Reuters
Economists expect around 65,000 nonfarm jobs in Friday's official report.
Unemployment is forecast to remain near 4.2%.
Reuters+1
The Fed held interest rates at 3.75%–4.00% on October 28, while warning that inflation remains elevated.
PublicNow
🔥 What does this mean for crypto?
Weaker jobs + cooling inflation could support rate-cut expectations.
Strong jobs + persistent inflation could keep rates higher for longer.
Bitcoin and other risk assets may react sharply to Friday's data.
👀 Key date: November 6 — US October jobs report.
💬 Your prediction: Will the Fed cut rates, or keep them higher for longer?