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Bitcoin Drops Below $80,000 as US Jobs Data Spurs Fed-Hike Bets
Nonfarm payrolls rose 162,000 in August, and traders now expect a quarter-point Federal Reserve increase at its Sept. 16-17 meeting.
Summary by The Hindu Business Line
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6 Articles
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A Fed Hike Requires Hot Economy. Don't Count on Either
Megan Leonhardt, Barron's Many economists and investors expect the Federal Reserve to raise interest rates by a quarter of a percentage point at its Sept. 16-17 policy meeting. But this coming...
Bitcoin drops below $80,000 as US jobs data spurs Fed-hike bets
Bitcoin dropped as much as 3.5% after stronger-than-expected US jobs data revived bets on a September Federal Reserve rate hike, abruptly reversing the cryptocurrency’s latest push above $80,000.
Coverage Details
Total News Sources6
Leaning Left0Leaning Right3Center0Last Updated100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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