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Crypto Market Awaits US Job Data; Will Fed Rate Cut Trigger Bitcoin Rally?

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Summary
Nutrition label

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 .

VR Score

62

Informative language

54

Neutral language

56

Article tone

formal

Language

English

Language complexity

44

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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