US Jobs Data Signals Potential Fed Rate Cut in December
November's non-farm payrolls beat expectations with 227K new jobs, but unemployment rose to 4.2%. Analysts say this could push the Federal Reserve toward a rate cut later this month.
Grayscale’s Zach Pandl believes lower rates may boost Bitcoin demand, predicting the current crypto rally could extend into 2024. Meanwhile, CME FedWatch shows a 74.5% chance of a December rate cut.
Could this be the next big moment for Bitcoin?
Stay tuned!
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