crypto罐罐
--
Non-farm payroll data is a major negative, is the Federal Reserve going to raise interest rates? Is a major drop in the crypto market imminent?
Last night, non-farm payroll data was released, with an expectation of 160,000 jobs, but the actual figure was 256,000.
What does this mean? It means that the plan was for only 160,000 jobs, but the actual report showed 256,000 jobs.
More people employed indicates that the economy is improving, so there is no need to stimulate the economy through interest rate cuts. This is favorable for traditional industries in the U.S. but unfavorable for the financial sector.
Of course, this is just based on the data released yesterday. However, this kind of data should just be observed; it is meant for retail investors and the general public.
The data from July to August 2023 was previously unfavorable, stating that there would be no interest rate cuts and that rates would even be raised. However, just before the interest rate cut in September, all the data was suddenly revised significantly to align with the interest rate cut.
What does this mean? It means that the plan was for only 160,000 jobs, but the actual report showed 256,000 jobs.
More people employed indicates that the economy is improving, so there is no need to stimulate the economy through interest rate cuts. This is favorable for traditional industries in the U.S. but unfavorable for the financial sector.
Of course, this is just based on the data released yesterday. However, this kind of data should just be observed; it is meant for retail investors and the general public.
The data from July to August 2023 was previously unfavorable, stating that there would be no interest rate cuts and that rates would even be raised. However, just before the interest rate cut in September, all the data was suddenly revised significantly to align with the interest rate cut.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
62
0