The unemployment rate and non-farm data have just been released. Let's take a look at the results first.
The unemployment rate in August was 4.2%, and the number of unemployed people was 7.1 million. These data are higher than the level a year ago.
Non-farm data
The published value is 14.2, which is higher than the previous value and expected value, which is good for the cryptocurrency circle.
The unemployment rate has little impact on the cryptocurrency circle, but with the release of non-farm data, the market's expectations for a 50 basis point interest rate cut in September have increased again, and the market has also moved upward.
Fed Williams said that he is ready to start the process of interest rate cuts, and monetary policy can be adjusted to a more neutral stance based on the data.
