As Fed hawks and doves battle over rate cuts, investors need | Wolverine_DxC on Binance Square

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As Fed hawks and doves battle over rate cuts, investors need to watch these critical clues

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Wall Street subdued as traders await Fed decision #BTC86kJPShock Dow down 0.04%, S&P 500 up <0.1%, Nasdaq down 0.07% amid cautious trading ahead of key economic reports.Jobless claims hit a 3-year low, unemployment steady at 4.4%, with nearly 90% chance of a 25-basis-point Fed rate cut this month.Meta rises 3.6% on Metaverse budget cuts; Snowflake falls 11%, Hormel Foods +4.7%, Dollar General +7% on strong profit forecasts.#BinanceBlockchainWeek By Johann M Cherian and Pranav Kashyap Dec 4 (Reuters) - Wall Street's main indexes fluctuated between small gains and losses on Thursday as investors analyzed a fresh round of labor market data to fine-tune expectations for a much-anticipated Federal Reserve rate cut next week. With November's official payrolls report due after the Fed's December meeting, traders have turned to a patchwork of secondary indicators that offer a conflicting read on the jobs market. A weekly Labor Department report showed new jobless claims fell to their lowest level in more than three years, even as a Chicago Fed estimate suggested the unemployment rate held near 4.4% in November.@ Fed funds futures point to a nearly 90% chance that the central bank will cut rates by 25 basis points this month, up from around 60% last month, according to the CME Group's FedWatch tool. "Today the data is a little bit better, but there's no catalyst there to the upside," said Thomas Hayes, chairman at Great Hill Capital LLC.@DXC Foundation "Good data is not going to encourage the Fed to cut more. So this one is a little better than expectations, but not so much better that you get nervous about them following through with the cut next week."@Sd Nowhere #DXC #CryptoIn401k

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Bitcoin jumps back into positive territory in 2025. Where the crypto could go next. $BTC @陌上花开Hawk @波波掘金 BNB @币圈魁哥888 @DJ史珍香 @Hannah_汉娜 Bitcoin was trading higher early Thursday as the world’s largest cryptocurrency battled back into positive territory for the year, continuing its recent recovery. The price of Bitcoin was trading at $93,515 early in the day, up around 0.3% over the past 24 hours, according to CoinDesk data. That puts it 0.2% up in 2025. At one point on Monday the crypto fell to as low as $84,500.$ETH $SOL “It still feels as though traders are uneasy about chasing the move here, and confidence in playing on the long side remains fragile,” Pepperstone analyst Chris Weston sid. “Either way, the price action is certainly more constructive, and it feels as though we could push into the $96-$98k range in the near term.”@DXC Foundation

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Latest News

Federal Reserve Chair Powell to Hold Monetary Policy Press Conference

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Powell Observes Cooling Labor Market Amid Persistent Inflation

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