Hot Topics on October 5
Web3 Hot Topics on October 5
1. Trump to hold rally in Butler
Donald Trump will hold a rally in Butler, Pennsylvania, the site of his July 13 rally, when a gunman attempted to assassinate the Republican presidential candidate, causing chaos. Elon Musk is also expected to attend the rally.
2. Trump to hold campaign rally on October 5
The campaign team of former US President and Republican presidential candidate Donald Trump said on October 5 that Trump will return to Butler, Pennsylvania on October 5 local time to hold a campaign rally at the site of the "unsuccessful assassination attempt".
3. The Fed may suspend rate cuts in November to digest the election results
Tim Horan said that strong job creation confirmed the Fed's approach and indicated that a soft landing was just around the corner. The higher-than-expected 254,000 new non-farm payrolls in September "allowed the Fed to be absolutely pragmatic" and even considered suspending rate cuts in November "to digest the election results without worrying about falling behind the curve".
4. Strong U.S. September jobs report may slow rate cuts
The strong U.S. September jobs report indicates a slowdown in rate cuts, but is still bullish for Bitcoin as investors take an interest in riskier assets. While the economy is growing solidly, it should be a boon for investors' risk appetite, but it could reignite inflation risks in the medium term.
5. September jobs report may affect rate cuts
"Fed mouthpiece" Nick Timiraos said the September jobs report could close the door on another 50 basis point rate cut by the Fed next month and keep officials on track for a 25 basis point rate cut.
