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Crypto market eyes US Job data, Fed officials’ comments this week

CoinGape
Summary
Nutrition label

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 .

VR Score

71

Informative language

74

Neutral language

58

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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