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Analysis: Weaker-than-expected Non-Farm Payrolls Report May Stimulate Fed's Loose Policy, Benefiting Crypto Market
Summary: According to reports, the US November non-farm payrolls report will be released later today along with October retail sales data, revealing the extent of the cooling labor market in the US and impacting expectations for the Fed's interest rate cut path. Analyst Linh Tran stated that a weaker-than-expected non-farm payrolls report may reinforce the view ...
According to reports, the US November non-farm payrolls report will be released later today along with October retail sales data, revealing the extent of the cooling labor market in the US and impacting expectations for the Fed's interest rate cut path. Analyst Linh Tran stated that a weaker-than-expected non-farm payrolls report may reinforce the view of a significant slowdown in the US economic growth, enhancing market expectations for more aggressive monetary easing policies. Lower interest rates could stimulate risk appetite, potentially leading to a rebound in Bitcoin prices. However, Bitcoin prices are currently stagnant, mainly due to weak demand from institutions for alternative investment tools. (CoinDesk)
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Link: Analysis: Weaker-than-expected Non-Farm Payrolls Report May Stimulate Fed's Loose Policy, Benefiting Crypto Market [Copy]
