CoinVoice has learned that according to Jin10, Rostro's chief market analyst Joshua Mahony stated that the market is waiting for the August US Non-farm Payrolls (NFP) data to assess the state of the U.S. economy. The July employment data was weaker than expected, raising expectations for a Fed interest rate cut in September, with market data showing a 99% probability of a rate cut by the Fed in September. Before the data is released on Friday, JOLTS July job openings data and August ADP employment data will also be released this week.
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CoinVoice has learned that according to Jin10, Rostro's chief market analyst Joshua Mahony stated that the market is waiting for the August US Non-farm Payrolls (NFP) data to assess the state of the U.S. economy. The July employment data was weaker than expected, raising expectations for a Fed interest rate cut in September, with market data showing a 99% probability of a rate cut by the Fed in September. Before the data is released on Friday, JOLTS July job openings data and August ADP employment data will also be released this week.