If the revised NFP data shows a significant decline in employment, it could alter market expectations for Federal Reserve policy. Currently, the market anticipates slight reductions in interest rates for the upcoming year. However, a weaker-than-expected job market could prompt more aggressive rate cuts sooner than anticipated. This shift in expectations might lead to a sell-off in risky assets like stocks and cryptocurrencies, increasing volatility in the cryptocurrency market, particularly for Bitcoin.
#NFPCryptoImpact If the revised NFP data shows a significant decline in employment, it could alter market expectations for Federal Reserve policy. Currently, the market anticipates slight reductions in interest rates for the upcoming year. However, a weaker-than-expected job market could prompt more aggressive rate cuts sooner than anticipated. This shift in expectations might lead to a sell-off in risky assets like stocks and cryptocurrencies, increasing volatility in the cryptocurrency market, particularly for Bitcoin.
The inauguration of Donald Trump as the 47th president of the United States is scheduled to take place on Monday, January 20, 2025, on the West Front of the United States Capitol in Washington, D.C. The event will be Trump's second inauguration as president and the 60th U.S. presidential inauguration
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