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U.S. added stronger than expected 162,000 jobs in August as labor market bounced back

Published Source: CoinDeskRead original

Crypto Insight Summary: This morning's report will be key as the Fed considers whether to raise interest rates at its September policy meeting. Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Strong jobs data increases likelihood of Fed rate hike, negatively impacting crypto markets.

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U.S. added stronger than expected 162,000 jobs in August as labor market bounced back — Crypto Insight