Next week, the focus will be on the Friday Sept. 6 Nonfarm Payrolls Report for August. The previous July jobs report was weak and likely influenced the Fed’s decision to promise a rate cut in September. Currently, market expectations are for a modest 25 basis point cut in mid-September. However, if there is another weak jobs report, investors may start anticipating a more significant 50 basis point cut by the central bank. This could have a positive impact on risk markets, including bitcoin.
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