Tonight at 9:30, the U.S. non-farm payroll data for September will be released.
To be honest, this data is somewhat crucial—although it is lagging, it is the only employment "truth" that can be viewed before the Federal Reserve's meeting in December. Economists are still calculating that the data from July and August may be revised upwards, which means the labor market could be stronger than reported.
The current issue is: the expectation of interest rate cuts is already cooling down. If this data exceeds expectations, will it directly dispel the market's fantasies about rate cuts? On-chain investors need to keep a close eye, as the price of cryptocurrencies may move once this data is released.
Are you ready? The outcome will be revealed at 21:30.
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Tonight at 9:30, the U.S. non-farm payroll data for September will be released.
To be honest, this data is somewhat crucial—although it is lagging, it is the only employment "truth" that can be viewed before the Federal Reserve's meeting in December. Economists are still calculating that the data from July and August may be revised upwards, which means the labor market could be stronger than reported.
The current issue is: the expectation of interest rate cuts is already cooling down. If this data exceeds expectations, will it directly dispel the market's fantasies about rate cuts? On-chain investors need to keep a close eye, as the price of cryptocurrencies may move once this data is released.
Are you ready? The outcome will be revealed at 21:30.