Deutsche Bank Warns of Potential Distortion in U.S. Employment Data

Deutsche Bank has raised concerns about potential distortions in U.S. employment data, especially with upcoming leadership changes. This could significantly impact monetary policy and the U.S. dollar, potentially influencing crypto markets like Bitcoin and Ethereum. The bank’s analysis, published on September 5th, scrutinizes the reliability of non-farm payroll data as a result of these shifts. This uncertainty is heightened ahead of the September 9th benchmark revision, as discrepancies in employment figures could fuel speculation about Federal Reserve rate cuts. These market reactions could pressure the U.S. dollar and impact cryptocurrency markets. 📈