Interest rates of late have fallen sharply across the U.S. yield curve as traders place bets the Fed is finished tightening monetary policy. The U.S. added 150,000 jobs in October versus economist expectations for 180,000 and down from 297,000 in September. The unemployment rate rose to 3.9% versus forecasts for 3.8% and September’s 3.8%. In addition to the headline miss, downward revisions to August’s and September’s jobs gains totaled 101,000. Bitcoin (BTC) remained lower on the session in the immediate aftermath of the release at $34,300. Checking other report details, average hourly earnings were 0.2% higher in October, shy of estimates for 0.3% and September’s 0.3%. On a year-over-year basis, average hourly earnings rose 4.1% versus 4.0% expected and 4.3% in September. The U.S.
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