The US private sector employment data was released early, with 654,000 new jobs added (since January), consistent with the official final data. The significance of this data lies in — the performance of the employment market directly relates to the Federal Reserve's subsequent policy direction. Strong employment growth may delay interest rate cuts, and vice versa. For traders focused on the macro environment, such economic indicators often serve as a barometer of market sentiment, thereby influencing the medium-term trend of cryptocurrencies. The timely release of data also reflects an increase in information transparency.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
GateUser-e51e87c7
· 8h ago
650,000 new jobs created, and interest rate cuts are delayed again. Looks like crypto will have to wait a while.
View OriginalReply0
SnapshotDayLaborer
· 01-09 19:59
650,000 new jobs, the Federal Reserve will have to hold firm again, rate cuts are still a distant prospect.
View OriginalReply0
DefiOldTrickster
· 01-09 19:43
654,000 jobs? Now the Federal Reserve will have to hold back on cutting interest rates again, and my short positions are going to get trapped.
View OriginalReply0
BlockchainGriller
· 01-09 19:39
650,000 jobs, the Federal Reserve has to keep squeezing toothpaste again, rate cuts are still a long way off.
View OriginalReply0
consensus_failure
· 01-09 19:33
654,000 jobs, the Federal Reserve has to hold steady again, and interest rate cuts are still a distant prospect.
The US private sector employment data was released early, with 654,000 new jobs added (since January), consistent with the official final data. The significance of this data lies in — the performance of the employment market directly relates to the Federal Reserve's subsequent policy direction. Strong employment growth may delay interest rate cuts, and vice versa. For traders focused on the macro environment, such economic indicators often serve as a barometer of market sentiment, thereby influencing the medium-term trend of cryptocurrencies. The timely release of data also reflects an increase in information transparency.