Employment data raises suspicion of Fed's austerity policy, investors reassess

The number of non-farm employment in the United States was sharply lowered to 75,000 in June, far lower than the initial value and expectations, triggering speculation that the Federal Reserve's policy shifted. Bitcoin fell below $62,000 as traders absorbed potential monetary easing; and gold fell to $2,310 per ounce due to reduced safe-haven demand. The U.S. dollar index fell 0.7% as market adjusted interest rate expectations, Fed officials stressed that data is the main consideration before a possible rate cut in 2024.