But, the crypto market has plunged due to the increased U.S. nonfarm payrolls.
Well, it's much higher than expected. However, the trend of it has been decreasing. Take a look at 2021 🤔 Does the latest data make you concerned? I think it isn't.
The U.S. CPI(Consumer Price Index) (YoY, Year of Year) will be released soon. The Cons(Consensus) is 3.4%. If it is less than expected, I think the first federal funds rate cut will be earlier than September. Many media say that the period of the interest rate pause will be lasting more. But, the nonfarm payrolls have not much increased. It's overrated 🧐
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