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US Recession Signal? 258K Jobs Gone, Fed Rate Cut In September?
US Recession Signal? 258K Jobs Gone, Fed Rate Cut In September?
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BTCCSquare news:
The US labor market delivered a jolt to financial markets as July's jobs report revealed staggering downward revisions, wiping out 258,000 positions. This unexpected contraction has intensified speculation about a potential Federal Reserve rate cut in September, with traders now pricing in heightened macroeconomic risks.
Cryptocurrency markets may see increased volatility as investors reassess risk appetite amid growing recession fears. Bitcoin and Ethereum, often viewed as macro hedges, could experience divergent flows depending on whether traders seek shelter in digital assets or retreat to cash.
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