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US Nonfarm Payrolls Due Tonight, August Expected at Only 56K

Source: X Community

The US August nonfarm payroll report is set for release tonight, with market expectations pointing to a sharp slowdown to just 56,000 new jobs. This data will be a key gauge for the Federal Reserve’s rate path, influencing risk assets including crypto. A weaker-than-expected figure could reinforce bets on aggressive rate cuts, potentially boosting Bitcoin and other digital assets.

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