U.S. Job Growth Influences Fed's Rate Cut Plans

Recent data shows the U.S. economy is stronger than expected, with September's job report revealing 254,000 new jobs, surpassing forecasts. This growth suggests a potential slowdown in the Federal Reserve's rate cuts, with expectations shifting towards a 25 basis-point cut in November. The robust labor market has temporarily increased the dollar's value and Treasury yields, while benefiting Bitcoin as investors seek riskier assets. Despite the Federal Reserve's recent 50 basis-point cut, future cuts are still anticipated to balance inflation and employment. Meanwhile, the European Central Bank is considering rate cuts due to economic risks, although expectations for large cuts may be overstated.