#fedoctoberratehikeoddsfallto17%
🇺🇸 Fresh U.S. jobs data has sharply reduced expectations for another Fed rate hike.
The unemployment rate climbed to 4.2%, while the economy added just 29K jobs versus expectations of around 90K.
Last month, the U.S. added 162K jobs, highlighting a clear slowdown in the labor market.
Meanwhile, this week’s PCE inflation data came in below expectations.
With inflation cooling and employment weakening, the odds of a Fed rate hike have fallen to 17%.
📈 A softer Fed outlook could provide a positive catalyst for the crypto market.
#crypto #Fed #Bitcoin #Altcoin
$IOTA $BAT $AKE
🇺🇸 Fresh U.S. jobs data has sharply reduced expectations for another Fed rate hike.
The unemployment rate climbed to 4.2%, while the economy added just 29K jobs versus expectations of around 90K.
Last month, the U.S. added 162K jobs, highlighting a clear slowdown in the labor market.
Meanwhile, this week’s PCE inflation data came in below expectations.
With inflation cooling and employment weakening, the odds of a Fed rate hike have fallen to 17%.
📈 A softer Fed outlook could provide a positive catalyst for the crypto market.
#crypto #Fed #Bitcoin #Altcoin
$IOTA $BAT $AKE
