A Stunning Game! Trump Pushes for Rate Cuts, Can the Crypto Market Skyrocket?! 🚀
Employment Data Shines, But the Dream of Rate Cuts is Hard to Fulfill!
Trump Exerts Pressure Again, Rate Cuts by the Federal Reserve Become the Focus. The latest U.S. employment data exceeds expectations, with non-farm payrolls adding 177,000 jobs and wages rising steadily. Trump seizes this opportunity to urge the Federal Reserve to cut rates, intending to stimulate investments in the crypto market and other risk assets.
However, Federal Reserve Chairman Powell is resolute, believing that high tariff uncertainties and excessive economic pressure make it difficult to cut rates easily. Even with Trump pushing for rate cuts, Powell's stance makes hopes for cuts dim. CME data shows that the probability of a rate cut in May is nearly zero.
Rate Cut Prospects vs Market Turmoil
Powell's firm stance and Trump's pressure for rate cuts may struggle to sway the Federal Reserve's decision. Economist Wolfers points out that strong economic data makes rate cuts seem even less necessary, and Powell chooses to remain cautious. Meanwhile, tariff issues continue to disrupt the market, necessitating vigilance against the ongoing fermentation of public opinion and market volatility.
