“In a bit of weakness, the unimployment of Rate Edged Up to 4.1% and January’s Job Gains Were Revised Lower.”, – WRITE: www.coindesk.com
Nonfarm Payrolls Rose 151,000 Last Month, The Bureau of Labor Statistics Reported Friday Morning. Economist Forests Had been for a gain of 160,000. January Payrol Growth Was Revised Lower to 125,000 Versus An Originally Reported 143,000.
The February Unemployment Rate Was 4.1% Against Forecasts for 4.0% and January’s 4.0%.
Seeing Major Price Swings (MOSTLY TO THE DOWNSIDE) for the Last Cuple of Weeks for Any Number of Reasons – Tariff Threats, Stock Market Plunges, An Idea (NOONA) Bitcoin (BTC) SPIKED ABOVE $ 90,000 in the Minutes Following the Report, and Wallowed AROUND The Round-Number Level. The S&P 500 Was Also Ticked A Bit Higher Pre-Market, While The 10-Year US Treasury Bond Yield Droped 3 Basis Points to 4.24%. The US Dollar Index (DXY) Dipped to ITS Weakest Level Since Early November Before Grinding Higher.
While Cryptocurrencies Moved Slightly Higher After The Report, The Market “Has More CHANCE OF MOVEMENT ‘BASED ON OUTCOMES OF TODAY’S WHITE HOUS Crypto Trading Firm WinCent, Told Coindesk in a Telegram Message. While Anticipation for Potential AnnounCements Are Growing, The Event “In Itself May Bring No Fresh News and Btc Remains Floating Between $ 85-95k Over The Weekend,” Howard Adeded.
Due in part to the jittery Macro Developments of Late, Market Participants – Previously Having Nearly Written Off The Chances of Any More Rate Cuts in 2025 or more Rate Cuts by june to almost 90%.
Indeed, A report from challenger on thursday showed that US-Based Employers Announced 172,000 Job Cuts Last MONT Government Efficiency’s (Doge) Actions. Meanwhile, The Federal Reserve Bank of Atlanta’s Gdpnow Model Forecasts the US Economy to Shrink 2.4% in the first quarter of 2025, A Stark Contrast with Analyst of Anates of Analytes of Analyates.
An Economic Slowdown, Thought Could Put the Fed In A Tight Spot-Feeling The NEED to EASE MONETARY Policy to Support Growth Even as Inflation Remains Stubbornly Perky, Witch. AT 3% AND the CORE RATE AT 3.3%.
Update (March 7, 13:55 UTC): Updates Bitcoin, Traditional Markets Price Action Following the Report.
Update (March 7, 14:13 UTC): Adds Analyst Comment.
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