December Fed Rate-Cut Odds Rise Above 50% on Weak Jobs Reports
The odds of a December Fed rate cut are back above 50% following the release of two significant jobs reports today, which show that the labor market is still weakening. UBS economists also predict the Fed will lower rates at next month’s FOMC meeting, which is a positive for Bitcoin and the broader crypto market.
The post December Fed Rate-Cut Odds Rise Above 50% on Weak Jobs Reports appeared first on CoinGape.
