According to BlockBeats, the United States is scheduled to release the nonfarm payrolls report this Friday, a key reference for the Federal Reserve's upcoming interest rate decision. Before the release, CME's FedWatch tool indicates that traders are pricing in a probability of more than 50% for the Fed to raise rates twice this year.
The U.S. will release its monthly nonfarm payrolls report this Friday, according to BlockBeats. The data is a key reference for the Federal Reserve's upcoming interest rate decision.
Ahead of the release, CME's FedWatch tool shows that traders assign a probability of more than 50% to the Federal Reserve implementing two rate hikes this year.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
