US labor market cools as JOLTS and consumer confidence weaken Fed hike odds
- —US job openings fell to 7.079 million in August from 7.335 million in July
- —Consumer Confidence Index dropped to 81.9, the lowest since early 2014
- —Odds of an October Fed hike fell to 50% from about 70%
- —Bitcoin has averaged nearly 20% gains in October over the past 13 years
Why it matters: A cooling labor market strengthens the case for Fed easing, a potential bullish liquidity catalyst for Bitcoin heading into Q4.
Source: Cryptonews.net