U.S. Added Blowout 254K Jobs in September, Unemployment Rate Dips to 4.1%
The news seems likely to further cement ideas that the Fed will trim rates just 25 basis points at its next policy meeting in November.
Jobs data for September was far stronger than expected.
The chances for a 50 basis point rate cut in November all but vanished.
Already down on the week, the price of bitcoin is holding up following the data, with one analyst suggesting the risk of a sharp economic downturn has been removed from the market.