September Fed Hike Odds Soar Above 60% as US Labor Market Surprises
The Federal Reserve's interest-rate hike odds jumped above 60% after the U.S. labor market reported a much stronger August than expected.
The Bureau of Labor Statistics said nonfarm payrolls rose by 162,000 last month, beating economists' forecasts of 55,000-56,000.
This has raised concerns about tighter monetary policy and its impact on risk assets, including Bitcoin.