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
· 01-01 13:51
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
· 01-01 13:44
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
· 01-01 13:42
Strong labor data, which also gives hawkish reasons for rate hikes, this wave of BTC really 💀
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AirdropSweaterFan
· 01-01 13:30
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.