Market Awaits Labor Data, Cryptocurrency Shows Strong Sentiment Amid Uncertainty

The U.S. government shutdown has caused a delay in the release of key labor data, including the nonfarm payroll report, potentially impacting market analysis. This uncertainty is fueling speculation about a potential Federal Reserve rate cut this month. While the missing data creates some uncertainty, private sector reports suggest weak hiring and muted wage growth for September. Economists are suggesting that the Fed may proceed with a rate cut. 📈