The Nonfarm Payroll report released today showed surprisingly strong results, with 254,000 new jobs added in non-agricultural sectors, far surpassing the consensus forecast of 147,000. Interestingly, none of the top 10 largest U.S. investment banks predicted this outcome. This robust figure suggests that expectations for a rate cut by the Federal Reserve will need to be revised, and a 0.5% reduction is now off the table.

While the resilience of the labor market and strong economic performance might excite investors, the market’s reaction, including a sharp nearly 1% rise in the Dollar Index and a surge in the cryptocurrency market, seems largely irrational. This kind of rapid response could be attributed to stop-loss hunts rather than a genuine reassessment of market fundamentals.

The report is bound to impact Federal Reserve policy decisions and market dynamics in the near term.#WeAreAllSatoshi #SECAppealRipple #NeiroOnBinance $ETH