The U.S. Bureau of Labor Statistics has recently revised its employment data. Non-farm payrolls for August were revised from -0.4K to -2.6K, doubling the decline; September was adjusted downward from 119K to 108K, with a total downward revision of 33K over two months. This weakening data indicates a clear cooling signal in the U.S. labor market. For the crypto market, weaker employment data may strengthen market expectations of the Federal Reserve cutting interest rates, thereby affecting the valuation of risk assets and the trend of commodities.
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TokenomicsTherapist
· 15h ago
Once the expectation of interest rate cuts emerges, it still depends on how the Federal Reserve will respond... With employment data so strong, the crypto market should be ready to take off, right?
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MerkleTreeHugger
· 12-16 15:36
Is the expectation of interest rate cuts back again? How long can this wave last? It feels like they say the same thing every time.
The U.S. Bureau of Labor Statistics has recently revised its employment data. Non-farm payrolls for August were revised from -0.4K to -2.6K, doubling the decline; September was adjusted downward from 119K to 108K, with a total downward revision of 33K over two months. This weakening data indicates a clear cooling signal in the U.S. labor market. For the crypto market, weaker employment data may strengthen market expectations of the Federal Reserve cutting interest rates, thereby affecting the valuation of risk assets and the trend of commodities.