US Jobs Surge: 254K Added in September 2024 – What Could This Mean for Fed's Next Move?

The latest US non-farm payroll data reveals a massive boost of 254,000 jobs in September, shaking up market expectations. With a long-term average of just 125.61K jobs, this surge stands out against historical highs and lows, from the 2020 pandemic crash to the rapid recovery.

All eyes are now on the Fed! Will this employment strength push them to hold back on rate cuts? Markets are currently betting on a 67% chance of a quarter-point cut – but strong job growth may cool any bigger moves. Stay tuned for how this could ripple through crypto and beyond!