Crypto Market Eyes US Job Data
This is a US news story, published by CoinGape, that relates primarily to The US Labor Department news.
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upcoming US Job dataCoinGape
•Crypto market eyes US Job data, Fed officials’ comments this week
72% Informative
The US Labor Department is scheduled to release the US nonfarm payroll, unemployment rate, and Hourly wages data for September on Friday, October 4 .
The labor market is one of the crucial areas that the US Federal Reserve considers while deciding its policy rates.
The recent softer US PCE inflation data has raised bets over a 50 bps rate cut again at the Fed ’s November meeting.
This has also sparked discussions if crypto sector can maintain its “ Uptober ” momentum this year .
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