Key Highlights: U.S. nonfarm payrolls surged by 165,000 in October, substantially beating the projected 65,000 additions, while September gains were revised up to 60,000. The nationwide unemployment rate ticked down to 4.1%, accompanied by stronger-than-expected average hourly wage growth of 0.4% month-over-month. Treasury yields climbed as market participants reassessed Federal Reserve monetary policy odds ahead ...
Key Highlights: Open interest in Binance’s $BTC-$USDT perpetual rose 4.5% following an initial dip, while Coinalyze tracked an aggregate $28 billion in Bitcoin derivative exposure. Funding rates across Binance and Bybit cooled toward neutral levels without flipping negative, but US spot Bitcoin ETFs experienced significant net outflows of $643 million on October 30. Bitcoin traded ...
Key Highlights The headline Consumer Price Index (CPI) climbed 3.7% year-over-year in September, exceeding expectations of 3.6%. Core CPI, which strips out volatile food and energy costs, expanded 0.3% month-over-month and 2.6% annually, both topping consensus forecasts. Financial markets reacted sharply, with Bitcoin tumbling $1,000 to $82,800, the 10-year Treasury yield jumping to 5.284%, and ...
Wholesale Inflation Rises as Expected in August, Producer Prices Climb 0.4% U.S. wholesale inflation advanced largely in line with forecasts in August, according to data released Wednesday by the Bureau of Labor Statistics. The report arrives days before the closely watched Consumer Price Index release and as traders weigh the likelihood of another Federal Reserve ...
Job openings and hiring were nearly unchanged in July, according to the Labor Department’s latest Job Openings and Labor Turnover Survey, or JOLTS report. The…