#USjobs Report
🚨🔥 BREAKING: US Jobs Report Misses Big, and Stocks Still Rally! 🇺🇸
The US added only 29,000 jobs in September, well below the roughly 90,000 analysts expected, and unemployment rose slightly to 4.2%.
What this means right now:
📉 Weak Jobs September was the slowest month for job growth this year.
🏦 Fed Rate-Hike Bets Fall: Investors lowered their expectations of an imminent Fed rate hike after the report.
📈 Stocks Rise: The Nasdaq gained 1.2% and the Dow rose 0.5%.
🛢️ Oil Drops: US oil fell as much as 5% at one point during the day.
⚠️ Not all good news: Analysts say inflation data and fuel prices could matter more for the Fed's next decision than this report.
$BTC
🚀 THE BIG QUESTION:
Weak jobs usually mean a weaker economy, but the market is cheering because a rate hike now looks less likely. Will lower rate-hike odds support stocks and crypto, or is the rally a trap?
💬 BULLISH OR BEARISH? Drop your take below! 👇
📰 Sources:
AFP,Investing.com
🚨🔥 BREAKING: US Jobs Report Misses Big, and Stocks Still Rally! 🇺🇸
The US added only 29,000 jobs in September, well below the roughly 90,000 analysts expected, and unemployment rose slightly to 4.2%.
What this means right now:
📉 Weak Jobs September was the slowest month for job growth this year.
🏦 Fed Rate-Hike Bets Fall: Investors lowered their expectations of an imminent Fed rate hike after the report.
📈 Stocks Rise: The Nasdaq gained 1.2% and the Dow rose 0.5%.
🛢️ Oil Drops: US oil fell as much as 5% at one point during the day.
⚠️ Not all good news: Analysts say inflation data and fuel prices could matter more for the Fed's next decision than this report.
$BTC
🚀 THE BIG QUESTION:
Weak jobs usually mean a weaker economy, but the market is cheering because a rate hike now looks less likely. Will lower rate-hike odds support stocks and crypto, or is the rally a trap?
💬 BULLISH OR BEARISH? Drop your take below! 👇
📰 Sources:
AFP,Investing.com
