Source: CryptoNewsNet
Original Title: Breaking: U.S. Initial Jobless Claims Come In At 199K as Odds of January Fed Rate Cut Fall to 13%
Original Link:
The U.S. initial jobless claims have again come in lower than expectations, hinting at a potential rebound in the labor market. This development comes as the odds of a January Fed rate cut fall to new lows, which is a negative for the crypto market, as rate cuts this year fueled notable runs for Bitcoin.
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GoldDiggerDuck
· 3h ago
Hmm... It's the same story again. When employment data looks good, they raise interest rates? BTC will have to go through a tough time again.
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PoetryOnChain
· 3h ago
A warming labor market means expectations of interest rate hikes, and BTC is about to take a hit again... This time really feels hopeless.
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HappyToBeDumped
· 3h ago
Strong labor data, which also gives hawkish reasons for rate hikes, this wave of BTC really 💀
View OriginalReply0
AirdropSweaterFan
· 3h ago
Here we go again, as soon as U.S. employment data improves, the probability of interest rate cuts drops to zero. This really makes things difficult for the crypto world.
Breaking: U.S. Initial Jobless Claims Come In At 199K as Odds of January Fed Rate Cut Fall to 13%
Source: CryptoNewsNet Original Title: Breaking: U.S. Initial Jobless Claims Come In At 199K as Odds of January Fed Rate Cut Fall to 13% Original Link: The U.S. initial jobless claims have again come in lower than expectations, hinting at a potential rebound in the labor market. This development comes as the odds of a January Fed rate cut fall to new lows, which is a negative for the crypto market, as rate cuts this year fueled notable runs for Bitcoin.