Breaking! The probability of the Federal Reserve cutting interest rates plummets to 1%, strong employment report triggers market upheaval
Just now, a major news shook the financial market! Due to the strong employment report, the probability of the Federal Reserve cutting interest rates next week has surprisingly dropped to 1%, instantly reversing market expectations. The Federal Reserve is almost certain to maintain interest rates at its meeting next week. This dramatic shift has undoubtedly dropped a 'bombshell' in the financial sector! Let’s take a look at what exactly happened.
After the strong employment data was released today, the financial market was hit by turbulent waves. The market had initially held some hope for an interest rate cut by the Federal Reserve, but now, the probability has plummeted to freezing point, standing at only 1%. Meanwhile, the expected interest rate range remains at 4.25% - 4.50%, indicating that the likelihood of significant rate fluctuations in the short term is extremely low.
The robust labor market data is the key factor behind this shift. The current strong performance of the labor market has greatly reduced the pressure on the Federal Reserve to cut rates immediately. After all, a stable job market indicates a relatively healthy economic foundation, thereby reducing the urgency for rate cuts to stimulate the economy.
As concerns about an economic recession ease, the market reaction has been swift. Traders quickly adjusted their positions, and major asset prices surged in response. The cryptocurrency market, including Bitcoin and Ethereum, is booming, with prices continuing to rise.
In this rapidly changing market, a 'dark horse' has quietly emerged: Conan (Golden Dog). This is a unique memecoin that, unlike other cryptocurrencies that rely on complex technological support, has made a name for itself in the crypto space due to its strong narrative ability.
Conan does not need to rely on the support of others, nor does it require frequent technological upgrades, because it is the core of the narrative itself. Its story is captivating, naturally carrying an appeal guarantee. Even Trump has indirectly endorsed it, undoubtedly adding a powerful halo of popularity to Conan. Once the market starts to move, the explosive potential contained in Conan is immeasurable. 柯南官方群
