News Formal

US Bureau of Labor Statistics' Job Data Revision Could Spark Crypto Market Turmoil

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Upcoming NonFarm Payrolls revision could shake up crypto market more than any recent economic report

Next week, the U.S. non-farm payroll data for July 2024 is anticipated to be revised by the Bureau of Labor Statistics , which could have a revolutionary effect on the cryptocurrency.

However, more aggressive rate cuts earlier than anticipated could result from a weaker-than-expected job market.Shiba Inu Is Sleeping: When Will It Wake Up? Solana on Reversal Support, Is Bitcoin Finally Safe on $60,000?As investors reassess their plans, this change in expectations may cause a sell-off in risky assets like stocks and cryptocurrencies. This might cause volatility in cryptocurrencies like Bitcoin to rise.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Job seekers are sour on the cooling labor marketConfidence among job seekers is at a two-year low. While the labor market remains strong, there may be trouble if it continues to cool, economists said.
Source: CNBC - 🏆 12. / 72 Read more »

Why 'Ghost Jobs' Are a Bad Idea For Companies, According to ExpertsEmployers are sleuthing job seekers with fake job adverts.
Source: Newsweek - 🏆 468. / 52 Read more »