#Bitcoin❗ breaks through, but why isn't it rising? Has it stalled? It turns out something big is about to happen!
Tonight, the U.S. will release the most important unemployment rate and non-farm payroll data. How is the U.S. economy? We'll find out, just take a look at the chart.
Currently, the market expects the unemployment rate to remain unchanged, which is not bad. However, considering the tariffs, I personally think this data will be 4.2%, but there is also a chance it could go to 4.3%, a moderate increase, which is not necessarily bearish and could actually help ease inflation and support the Fed in lowering interest rates.
The expectation for job numbers has been cut quite a lot, almost halved, which I don't particularly like. Unemployment data is a double-edged sword; a moderate increase is beneficial for the Fed to lower rates, which is somewhat positive, but if the unemployment rate spikes too much and job numbers drop too drastically, the market could panic.
Based on the current market expectations, the market is slightly optimistic, and U.S. stocks have risen slightly in pre-market trading. However, the final result will still depend on the 8:30 data, at which time Shuqin will release the information promptly. Don't forget to follow me~🐰🐰