$PEPE
♣️Hi everyone, I'm A10JQK. Today I'll bring you the latest news on US employment data and Fed policy trends.
🃏On October 4, the US Department of Labor released its September employment report, which showed that job growth accelerated, which may reduce the possibility of the Fed's sharp interest rate cuts at the remaining two meetings this year.
♠️Specific data showed that non-farm payrolls increased by 254,000 in September, far exceeding expectations. In addition, the August data was revised to show an increase of 159,000, which was also higher than the previously announced figures.
♥️Federal Reserve Chairman Powell recently refuted investors' expectations of another 50 basis point rate cut in November. He said, "This committee does not feel that it is in a hurry to cut interest rates quickly."
♦️These data and remarks suggest that the Fed may continue to be cautious despite market expectations of rate cuts. Strong employment data means that the economy remains resilient, which may prevent the Fed from rushing to cut interest rates until inflation is fully under control.
For the cryptocurrency market, the Fed's policy direction often has an important impact. If interest rates remain high, it may continue to suppress the attractiveness of risky assets. Investors need to pay close attention to future economic data and speeches by Fed officials to assess potential policy changes.