Analyst: The Fed may turn dovish, which may boost Bitcoin and risk assets
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Odaily reported that the US job growth in February was lower than expected, which may prompt the Federal Reserve to adopt a dovish stance, as the need to cut interest rates to stimulate the economy could boost global stock markets and cryptocurrencies. However, analysts believe that the persistent inflation risk associated with tariffs and supply chain disruptions remains a factor that may keep the Federal Reserve cautious. Additionally, senior executive Paul Howard stated that the weaker-than-expected jobs report on Friday supports the view that an interest rate cut may be necessary to stimulate the economy. He also pointed out that reducing the deficit may be a priority for the US government, which would have a positive impact on risk assets such as cryptocurrencies. ()
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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