U.S. Labor Market Slowdown Fuels Speculation of Fed Rate Cuts

August’s U.S. non-farm payrolls growth disappointed, with an increase of only 22,000 jobs, resulting in a 4.3% unemployment rate. This data fuels speculation about potential Federal Reserve interest rate cuts, impacting both the dollar and crypto markets. The labor market’s weakness is causing uncertainty, leading to adjustments in financial conditions. Cryptocurrencies are particularly affected, with Bitcoin reaching its highest level ever. Experts believe this trend could influence regulatory policies for cryptocurrency exchanges in the coming weeks.