The US Fed is expected to announce a 50 bps rate cut at their upcoming meeting, following the crucial US Job data this week. According to Citi analysts, the US non-farm payroll data is expected to show 125,000 jobs have been added in August, with the unemployment rate at 4.3%. This data, as per the analysts, could aid the US central bank to move with a softer plan with their policy rate plans in September. Having said that, the market watchers are anticipating a potential rally in Bitcoin and altcoin prices. US Fed To Cut Rates By 0.5% After Job Data According to a recent report citing Citi analysts , the focus of the US Fed has shifted significantly from tackling inflation to assessing the job market health. Recent estimates predict that the US economy added 125,000 jobs in August, with the unemployment rate holding at 4.3%. This data, if confirmed, could pave the way for a more substantial rate cut of 50 basis points as the Federal Reserve aims to support a slowing labor market,