Keep an eye on next FED meeting ✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Weekend went so fast 🥲. Let's talk about crypto market. Bitcoin is ranging on the same range. Today i am going to discuss about recent US unemployment rate, which has risen to 4.2% from 4.1% last month. This increase shows the percentage of people unemployed in the US. When the Federal Reserve (Fed) decides on rate cuts, they consider data like the unemployment rate. A higher unemployment rate indicates that businesses are cutting jobs due to economic tightening. After several rate cuts, the Fed often starts quantitative easing (money printing). For example, after the 2008 and 2020 rate cuts, the US began money printing. Despite a declining Fed balance sheet, Bitcoin prices still rose due to investment firms buying Bitcoin.

Guys, Currently, there have been two rate cuts, with a third expected in December. These rate cuts can increase market liquidity, create more jobs, and lower the unemployment rate. In conclusion, while a rising unemployment rate signals economic tightening, it also pressures the Fed to print money, which can lead to job creation and a decline in unemployment. Keep an eye on the upcoming Fed meetings for important decisions. That's it for today. Here's the latest update video of crypto market. Thanks & enjoy ur sunday as long it last!!!

@abfarhan