Crypto
U.S. nonfarm payrolls surge by 165,000! The probability of the Fed raising interest rates is nearly 80%, and Bitcoin remains at 75,000
The U.S. job market is unexpectedly strong, and hopes of a rate cut by the Federal Reserve are further dashed! The U.S. Bureau of Labor Statistics announced that non-farm employment increased by 165,000 in October, much higher than market expectations of about 59,000 to 65,000, and the unemployment rate dropped to 4.1%. Strong employment data and high inflationary pressures have pushed market bets on the Fed to raise interest rates by 1% in December to nearly 80%. 〈U.S. non-farm payrolls surge by 165,000! The probability of the Fed raising interest rates is nearly 80%, and Bitcoin remains at 75,000. This article was first published on "Blocker".
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