🚨 October Fed Rate Cut Odds Surge After Weak U.S. Labor Data – Bitcoin Responds

The ADP National Employment Report showed a decline of 32,000 jobs, the steepest drop since March 2023. With the U.S. government shutdown delaying official labor data, private indicators like ADP are now shaping investor expectations.

🔑 Key Highlights:

📊 Probability of the Fed keeping rates unchanged fell to just 6% on Polymarket.

💵 Fed reduced its benchmark rate to 4.00%–4.25% in September, with markets now pricing in further cuts.

🏦 Citi economists signal 25bp cuts in October and December, following the Fed’s dot plot.

🌐 Bitcoin surged as traders interpreted weaker labor conditions as a potential easing signal from the Fed.

🔍 Why it matters:

Market participants are watching labor trends closely amid a government shutdown, as private data now drives expectations. For investors, this shift could influence interest rates, risk appetite, and crypto markets in the weeks ahead.

👉 How are you positioning for potential Fed rate cuts and Bitcoin volatility this fall?

#FederalReserv #Bitcoin #Crypto #FedRateCut #Macroeconomics

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