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The market is awaiting tomorrow's CPI report. The non-farm payroll data exceeded expectations, being twice as high as anticipated (three times higher than December), and the unemployment rate unexpectedly declined. This should have lowered expectations for an interest rate cut, and US stocks and Bitcoin should have immediately started to fall. However, US stocks fluctuated after the data release, closing down slightly by 0.16%. Conclusion: - The probability of a rate cut in June has fallen below 50%, making July the most likely month for a rate cut this year. - The market has entered a phase of "stable employment, focusing on inflation." We'll see tomorrow night at 9:30 PM! twitter.com/punk2898/status/20...

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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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