Grey release: US jobs report indicates fewer rate cuts, still positive for BTC
2024-10-04 23:00:03
United States month employment report strong foreshadowing rate cut step possibledesk3cryptocurrencydesktopCrypto News
A strong September jobs report in the US suggests that the pace of rate cuts may slow, but it is still positive for bitcoin. As investors gain interest in riskier assets, Zach Pandl, head of research at Grayscale, said: "While the economy is growing solidly, discussions about Fed rate cuts and debates about widening the government deficit continue, which should be a net positive for investors' risk appetite, but could reignite inflation risks in the medium term."
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