Barron's: US employment data does not significantly alter rate cut expectations, Bitcoin retreats under pressure
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According to TechFlow, on December 17, Barron’s reported that as the latest released U.S. employment data failed to significantly alter market expectations for future Federal Reserve interest rate cuts, bitcoin prices came under downward pressure, reflecting that macro employment indicators still have a significant impact on the short-term trend of digital assets. The current “mixed” signals from employment data have not led to greater expectations of monetary easing, thereby putting pressure on bitcoin and other crypto assets.
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