The latest labor market data before the US elections on November 5 will be released today. Employment and unemployment data will also closely add to the Fed's meeting two days after the election.
Before the US elections, which the cryptocurrency world is eagerly awaiting, the latest economic data on the labor market will be released today. The non-farm employment and unemployment figures for October in the US will be announced today.
The uncertainty between recession and inflation...
Last month, unexpectedly, the employment participation rate, announced much higher than expected, was 254,000. The excessive employment figures in the market, 'Will inflation decrease?' have created fear. However, similar markets also experienced fears of recession after much lower than expected figures in August.
Therefore, the figures, which may be exaggerated, positive or negative, will also closely affect the Fed's interest rate decision on November 7. Fed Chairman Jerome Powell often emphasizes that they make decisions from meeting to meeting and that they base interest rate decisions on short-term data.
The Fed's cut of 50 basis points in September also reduced expectations for November.
Oil prices rise
Headline oil prices, which have serious implications for inflation trends, have also begun to rise since last night. The news that Iran may launch an attack on Israel from Iraq has pushed oil prices per barrel, which had fallen below $70 last week, to over $75 overnight.
Core inflation, excluding energy and food prices, remains above 3%, standing out as another factor binding the Fed's hands in cutting interest rates. Write a new article based on the article, detailing
