Coinbase Earnings Beat, U.S Led SOL Rally
Nov 3, 2023
Market Update Stocks and bonds have surged following a jobs report that came in below estimates. This suggests reduced inflation concerns, providing the Federal Reserve with more leeway to maintain or even decrease interest rates in upcoming sessions. The employment report showed fewer jobs added than anticipated (150,000 versus the 180,000 forecasted), a slight uptick in unemployment (3.9% compared to the anticipated 3.8%), and a smaller increase in average hourly wages (0.2% rather than the expected 0.3%), all contributing to a consistent narrative. Consequently, the likelihood of a rate in