cryptoupdate
Contributor
Crypto News Key Highlights:
October's non-farm payroll data fell short, recording 150k jobs versus the 180k forecast. The unemployment rate ticked up from 3.8% to 3.9%, and average hourly earnings showed mixed results, with yearly gains but a slight monthly dip. The FOMC meeting earlier raised both hawkish and dovish concerns, including ongoing tightening and economic prospects.This week, ADP employment change and the JOLTs report fell short of expectations, while the Fed seeks below-trend growth and a slight rise in unemployment to curb inflation. Bond market sell-off may have peaked, with lower treasury yields and the dollar. Fed funds futures imply reduced odds of a year-end rate hike and potential rate cuts. The market will closely watch upcoming economic data for signs of US interest rates potentially having already reached their peak...Read More
