đš October Fed Rate Cut Odds Surge After Weak U.S. Labor Data â 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.
đ Key Highlights:
đ Probability of the Fed keeping rates unchanged fell to just 6% on Polymarket.
đ” Fed reduced its benchmark rate to 4.00%â4.25% in September, with markets now pricing in further cuts.
đŠ Citi economists signal 25bp cuts in October and December, following the Fedâs dot plot.
đ Bitcoin surged as traders interpreted weaker labor conditions as a potential easing signal from the Fed.
đ 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.
đ How are you positioning for potential Fed rate cuts and Bitcoin volatility this fall?
#FederalReserv #Bitcoin #Crypto #FedRateCut #Macroeconomics
https://coingape.com/october-fed-rate-cut-odds-rise-bitcoin-surges/?utm_source=coingape&utm_medium=linkedinr
