๐บ๐ธ U.S. November Jobs Report: Mixed Data, Steady Fed Outlook
The latest U.S. jobs report sent a clear but cautious message. While November added 64,000 jobs, deeper indicators show the labor market is gradually coolingโgiving the Federal Reserve no reason to rush policy changes.
Revisions to October revealed a 105,000 job loss, weakening the strength of the headline number. At the same time, unemployment rose to 4.6%, signaling growing slack and easing wage pressure.
๐ Bottom Line: The Fed remains firmly in wait-and-see mode. Slowing hiring and softer momentum effectively shut the door on a January rate cut.
Market Reaction: Crypto prices were mixed as traders weighed long-term rate-cut hopes against the lack of immediate Fed support.
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