Weak US jobs report cuts odds of an October Fed rate hike
- —US payrolls rose 29,000 versus the 90,000 forecast
- —Unemployment rate climbed to 4.2%
- —2-year Treasury yield fell 10bp to 4.69%
- —Odds of an October Fed hike dropped to 17% from 29%
Why it matters: Easing rate-hike expectations support risk assets, with bitcoin approaching $87,000 after the data.
Source: Blockmedia