BTC surged to 71,500 MOP, 'reverse V big dump', US non-farm payrolls hit a new low after the epidemic, will the 1-point rate cut in November stabilize?
The number of new nonfarm payrolls in the United States in October was only 12,000, the lowest since the pandemic. U.S. stocks rose, and BTC followed. (Synopsis: U.S. small nonfarm payrolls hit a new high in more than a year, U.S. bonds soared in the Intrerest Rate, and the Federal Reserve may suspend interest rate hikes in November? (Background added: US election storm is coming, weak yen is the best safe-haven asset?) The US Bureau of Labor Statistics released data yesterday (1) evening showing that the number of new non-farm payrolls in the United States unexpectedly plummeted to 12,000 in October, the lowest since the epidemic and far lower than the market's previous expectation of 106,000; The previous value was sharply revised down from 254,000 to 223,000; However, the unemployment rate remained at 4.1% in October, unchanged from the previous reading and in line with market expectations. Rate cut by 1 yard this month rises to 98.2% In fact, the sharp drop in US non-farm payrolls in October is most likely related to the recent hurricane damage and strikes in the United States. In this regard, Fitch, the three major credit rating agencies, said that the true data of non-farm payrolls in the United States in October may be 119,000: Add the Labor Statistics Bureau estimate of the impact of the strike (44,000) to the October job creation data, and then take the three-month moving average, so that the figure is 119,000, which is a slowdown from the average of 207,000 per month in the first half of this year, but far from a sharp decline. Given the broader evidence that consumer power continues, the Fed is unlikely to take the 12,000 figure seriously. In addition, for the upcoming FOMC meeting next week, Goldman Sachs also commented: Strikes and hurricanes affected the non-farm payrolls data, employment creation fell unexpectedly, but the unemployment rate remained unchanged. While the Fed may blame today's data on episodic factors, weak data suggest that the likelihood of the Fed cutting rates by 1 yard in November has increased, and they will continue their monetary easing. According to CME Group's Fed Watch tool, the market currently believes that the probability of a 1-yard rate cut this month has climbed to 98.2%, and the probability of a two-yard rate cut is 1.8%, and almost no one believes that the Fed will continue to maintain the policy of unchanged Intrerest Rate. U.S. stocks rose Affected by the non-farm payrolls data, the U.S. stock market, which was slightly weak the previous day, ushered in an upswing, and the four major indexes of U.S. stocks reported intraday: Dow Jones Industrial Average: up 1.11% or 462.97 points at 42,231.79 S&P 500: up 1.07% or 61.35 points at 5,766.80 Nasdaq: up 1.39% or 250.81 points at 18,345.96 Philadelphia Semiconductor Index: up 2.02% or 99.81 points, at 5,046.93 points, BTC broke through $71,000 Cryptocurrency, BTC also followed, at the time of writing, it has exceeded $71,000 to $71,598 and then fell back to the lowest water level of 68773, nearly 4% in the past 24 hours, showing an inverted V form after breaking through the big dump. At the same time, it also triggered the Cryptocurrency market to rise, and also triggered the long and short sides to Get Liquidated, and more than 86,000 people across the network were liquidated Get Liquidated, with a total Get Liquidated amount of $273 million. Related reports The US presidential election is imminent, what "hype targets" can be lying in ambush? With the US election storm approaching, a weak yen is the best safe-haven asset? Musk shouted that the effect reproduced "DOGE violent rise 17%", more than 40 million people in the United States have voted in advance (BTC rushed 71,500 magnesium "reverse Vbig dump", US non-farm payrolls hit a new low after the epidemic, and the interest rate cut in November was stabilized by 1 yard? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".
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BTC surged to 71,500 MOP, 'reverse V big dump', US non-farm payrolls hit a new low after the epidemic, will the 1-point rate cut in November stabilize?
The number of new nonfarm payrolls in the United States in October was only 12,000, the lowest since the pandemic. U.S. stocks rose, and BTC followed. (Synopsis: U.S. small nonfarm payrolls hit a new high in more than a year, U.S. bonds soared in the Intrerest Rate, and the Federal Reserve may suspend interest rate hikes in November? (Background added: US election storm is coming, weak yen is the best safe-haven asset?) The US Bureau of Labor Statistics released data yesterday (1) evening showing that the number of new non-farm payrolls in the United States unexpectedly plummeted to 12,000 in October, the lowest since the epidemic and far lower than the market's previous expectation of 106,000; The previous value was sharply revised down from 254,000 to 223,000; However, the unemployment rate remained at 4.1% in October, unchanged from the previous reading and in line with market expectations. Rate cut by 1 yard this month rises to 98.2% In fact, the sharp drop in US non-farm payrolls in October is most likely related to the recent hurricane damage and strikes in the United States. In this regard, Fitch, the three major credit rating agencies, said that the true data of non-farm payrolls in the United States in October may be 119,000: Add the Labor Statistics Bureau estimate of the impact of the strike (44,000) to the October job creation data, and then take the three-month moving average, so that the figure is 119,000, which is a slowdown from the average of 207,000 per month in the first half of this year, but far from a sharp decline. Given the broader evidence that consumer power continues, the Fed is unlikely to take the 12,000 figure seriously. In addition, for the upcoming FOMC meeting next week, Goldman Sachs also commented: Strikes and hurricanes affected the non-farm payrolls data, employment creation fell unexpectedly, but the unemployment rate remained unchanged. While the Fed may blame today's data on episodic factors, weak data suggest that the likelihood of the Fed cutting rates by 1 yard in November has increased, and they will continue their monetary easing. According to CME Group's Fed Watch tool, the market currently believes that the probability of a 1-yard rate cut this month has climbed to 98.2%, and the probability of a two-yard rate cut is 1.8%, and almost no one believes that the Fed will continue to maintain the policy of unchanged Intrerest Rate. U.S. stocks rose Affected by the non-farm payrolls data, the U.S. stock market, which was slightly weak the previous day, ushered in an upswing, and the four major indexes of U.S. stocks reported intraday: Dow Jones Industrial Average: up 1.11% or 462.97 points at 42,231.79 S&P 500: up 1.07% or 61.35 points at 5,766.80 Nasdaq: up 1.39% or 250.81 points at 18,345.96 Philadelphia Semiconductor Index: up 2.02% or 99.81 points, at 5,046.93 points, BTC broke through $71,000 Cryptocurrency, BTC also followed, at the time of writing, it has exceeded $71,000 to $71,598 and then fell back to the lowest water level of 68773, nearly 4% in the past 24 hours, showing an inverted V form after breaking through the big dump. At the same time, it also triggered the Cryptocurrency market to rise, and also triggered the long and short sides to Get Liquidated, and more than 86,000 people across the network were liquidated Get Liquidated, with a total Get Liquidated amount of $273 million. Related reports The US presidential election is imminent, what "hype targets" can be lying in ambush? With the US election storm approaching, a weak yen is the best safe-haven asset? Musk shouted that the effect reproduced "DOGE violent rise 17%", more than 40 million people in the United States have voted in advance (BTC rushed 71,500 magnesium "reverse Vbig dump", US non-farm payrolls hit a new low after the epidemic, and the interest rate cut in November was stabilized by 1 yard? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".