Here's Why Bitcoin Just Dropped to Intraday Low
In September, the U.S. economy added 263,000 new jobs, exceeding analysts' expectations of 255,000.
In the interim, the unemployment rate decreased once more to 3.5%, which is lower than the 3.7% average forecast.
In pre-market trading, American stocks declined, with Nasdaq futures falling as much as 1.8%.
Stocks in the United States fell in pre-market trading, with Nasdaq futures falling as much as 1.8%.
Nonetheless, the modest slowdown in hiring is unlikely to deter the Fed from maintaining its aggressive monetary policy.
According to Jefferies Group, the US Federal Reserve will announce another 75-basis-point rate hike in November.
By the end of the year, the federal funds rate is expected to rise to 4.25%-4.5%.