Economic data released earlier on Friday revealed a larger-than-expected slowdown in the US jobs market in October, triggering downside in US bond yields and a pump in the US stock market and price of Bitcoin (BTC), which was last around $34,600. The latest jobs report revealed that the US economy added 150,000 jobs last month, less than the expected gain of 180,000 and marking the slowest pace of job gains since early 2021. Macro investors responded to the data by pulling back on bets that the US Federal Reserve will implement one further rate hike, as it warned was a possibility earlier in the week. As per the CME’s Fed Watch Tool, the US money market implied probability that the Fed hikes interest rates by another 25 bps by January 2024 fell to just 10% on Friday from around 26% o
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