Meanwhile, the unemployment rate remained unchanged at 4.1%, aligning with market predictions. Average hourly earnings also saw a 0.4% increase, with a year-over-year rise of 4%.<\/p>\n
This employment report<\/a> <\/strong>has fueled optimism among investors, suggesting a potential rate cut by the Federal Reserve in November. The current job figures typically lead to a more cautious approach from the central bank, which may pave the way for a rate reduction next month.<\/p>\n The job data has also boosted expectations for a rally in financial markets, particularly in the cryptocurrency sector, with hopes for a rebound in Bitcoin<\/a> <\/strong>and altcoins. Following the report, the US 10-year bond yield fell by over 1%, and the US Dollar Index declined by 0.25%. These trends usually favor digital assets.<\/p>\n