US Stock Futures Dive Further

On November 20th, as per Emmett Gallic's monitoring, a Bitcoin ancient whale once more deposited 850 BTC (approximately $77.9 million) into Paxos. This came after depositing around 2,300 BTC (approximately $211 million) two weeks earlier. It is worthy of note that these bitcoins originated from an address that Craig Wright had falsely asserted ownership of.

On November 20th, Federal Reserve's Harker stated that rate cuts might prolong high inflation. Additionally, rate cuts could stimulate risky behavior in financial markets. Banks are currently well-capitalized. Reducing rates at this time could distort market pricing levels. (Xinhua)

November 20th. In the United States, the growth of non-farm payrolls accelerated in September. However, the unemployment rate rose to 4.4%, and the employment data of the previous month was revised down to a negative value, suggesting that the labor market remains weak. The U.S. Bureau of Labor Statistics stated on Thursday that after being revised down by 4,000 in August, non-farm payrolls increased by 119,000 in September. Economists surveyed by Reuters had previously predicted an increase of 50,000 jobs in September following an initial increase of 22,000 jobs in August. Economists estimate that the economy currently only needs to create 30,000 to 50,000 jobs per month to accommodate the growth of the working-age population, which is far below the required level of about 150,000 by 2024. The unemployment rate rose from 4.3% in August to 4.4%. The increasingly widespread use of artificial intelligence is also eroding labor demand. Entry-level positions are experiencing the greatest

On November 20th, the UK Financial Times reported that the US September nonfarm payrolls report showed an unexpected rebound in the US labor market, which complicated the Federal Reserve's decision on whether to cut interest rates next month. The September addition of nonfarm payrolls released on Thursday was 119,000 people, which was not only higher than the 50,000 people predicted by surveyed economists but also significantly higher than the revised 22,000 people in August. The unemployment rate rose from 4.3% in August to 4.4%, reaching a new high since 2021. This report is the first economic health indicator released by the US Bureau of Labor Statistics since the record-breaking US federal government shutdown interrupted the publication of official data. The unexpectedly positive data will strengthen the position of hawkish members of the Federal Open Market Committee, who have been constantly warning the Federal Reserve against cutting interest rates too quickly. After the data w

On November 20th, Ray Dalio, the founder of Bridgewater Associates, said, "I hold a small amount of Bitcoin. I have had it for a long time, accounting for about 1% of my portfolio. My view on Bitcoin has always been the same. The issue with Bitcoin is that it will not become the main reserve currency of the world because it is traceable and theoretically could be controlled by quantum computing and be hacked, and so on."

November 20th: In the interest rate swap market, it continues to suggest that the likelihood of a Fed rate cut in December is relatively low. Following the release of the latest economic data, traders enhanced their wagers on a Fed rate cut. However, they still anticipate that the Fed will refrain from implementing a rate cut in December. (FXStreet)