Crypto Market Eyes US Job Data
This is a news story, published by CoinGape, that relates primarily to Fed news.
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upcoming Fed rate cutsCoinGape
•Crypto Market Awaits US Job Data; Will Fed Rate Cut Trigger Bitcoin Rally?
72% Informative
The US Job Data is scheduled for Friday, September 6 , which will be closely watched by the crypto market.
The employment figures would be one of the closely watched data for next week , as it would further cement bets over the upcoming Fed rate cuts.
Several Fed officials are expected to speak next week to provide insights on the central bank’s upcoming policy rate plans.
According to CME FedWatch Tool , there is 70% probability of a 25 bps rate cut by the Federal Reserve in September .
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