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US employment data: "Will give the Fed further support for its wait-and-see approach"
Bret Kenwell, an analyst at eToro, comments “The labor market remains strong, which is positive for consumers and the US economy, but it is not positive for those expecting a rate cut from the FED,” he says.
Hiring was strong in January, with the final job count well above consensus expectations. Additionally, December revisions were significantly higher.
The labor market remains strong, which is positive for consumers and the US economy, but not for those expecting a rate cut from the FED.
This report will only give the FED further support for its wait-and-see approach to cutting interest rates. Add to that the fact that Chairman Powell lowered expectations for a March cut earlier this week, and attention is likely to shift to May for a rate cut.
However, let's not overanalyze the Fed. The January jobs report is good news for the US economy and should give some confidence to those worried about consumers.
Markets are near all-time highs, so it wouldn't be unusual for stocks to consolidate or pull back a bit, especially with the focus on rates. However, it is difficult to be too bearish with the underlying strength we are seeing in the labor market and economy. Rate-sensitive stocks could suffer if rates stay higher for longer, but overall investors have a positive backdrop to work with.
This content is for informational and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results.
Fuente: Territorioblockchain.com
#FED #empleo #Bitcoin #BTC $BTC $BNB
Bret Kenwell, an analyst at eToro, comments “The labor market remains strong, which is positive for consumers and the US economy, but it is not positive for those expecting a rate cut from the FED,” he says.
Hiring was strong in January, with the final job count well above consensus expectations. Additionally, December revisions were significantly higher.
The labor market remains strong, which is positive for consumers and the US economy, but not for those expecting a rate cut from the FED.
This report will only give the FED further support for its wait-and-see approach to cutting interest rates. Add to that the fact that Chairman Powell lowered expectations for a March cut earlier this week, and attention is likely to shift to May for a rate cut.
However, let's not overanalyze the Fed. The January jobs report is good news for the US economy and should give some confidence to those worried about consumers.
Markets are near all-time highs, so it wouldn't be unusual for stocks to consolidate or pull back a bit, especially with the focus on rates. However, it is difficult to be too bearish with the underlying strength we are seeing in the labor market and economy. Rate-sensitive stocks could suffer if rates stay higher for longer, but overall investors have a positive backdrop to work with.
This content is for informational and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results.
Fuente: Territorioblockchain.com
#FED #empleo #Bitcoin #BTC $BTC $BNB
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🔥Red Alert for Bitcoin! The latest economic data shakes the market 🤔
Today, the #empleo data was released in the United States, which did not meet expectations. To this, #Bitcoin❗️ had a mixed reaction, rising briefly before the announcement and then falling.
There is concern around the published data, since in August, the economy only added 142,000 jobs, below expectations of 164,000 jobs. The #desempleo rate fell from 4.3% to 4.2%. For this reason, calls are beginning to be made for a more aggressive rate cut of 50 basis points.
The price of Bitcoin fell more than 5% after the announcement of the employment data in the United States, currently reaching levels of $ 53,820 dollars. This would mark a new low for this month.
👉Do you want to continue learning about the crypto world?
Share and follow me for more 👈😎
$BTC
Today, the #empleo data was released in the United States, which did not meet expectations. To this, #Bitcoin❗️ had a mixed reaction, rising briefly before the announcement and then falling.
There is concern around the published data, since in August, the economy only added 142,000 jobs, below expectations of 164,000 jobs. The #desempleo rate fell from 4.3% to 4.2%. For this reason, calls are beginning to be made for a more aggressive rate cut of 50 basis points.
The price of Bitcoin fell more than 5% after the announcement of the employment data in the United States, currently reaching levels of $ 53,820 dollars. This would mark a new low for this month.
👉Do you want to continue learning about the crypto world?
Share and follow me for more 👈😎
$BTC
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📊 November employment report: stability in the labor market
The report reflects an expected rebound in hiring, with slight increases in unemployment and lower labor participation. These figures could support a gradual easing stance by the Federal Reserve in December. 🔍 #Economia #Empleo #Fed $RAY $TIA $USUAL
The report reflects an expected rebound in hiring, with slight increases in unemployment and lower labor participation. These figures could support a gradual easing stance by the Federal Reserve in December. 🔍 #Economia #Empleo #Fed $RAY $TIA $USUAL
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