#AppleCryptoUpdate

Trump calls for interest rate cuts after positive signals for the labor market: Is it bullish for cryptocurrencies?

President Trump has once again urged for interest rate cuts following positive job data in the United States. Some analysts hope that further rate cuts will generate positive momentum for Bitcoin.

However, there are no indications that Powell will change his mind. On the contrary, the likelihood of that is much lower. Tariffs could cause unprecedented chaos, and the economy does not need interest rate cuts to survive at this time.

Can Trump enforce interest rate cuts?

Earlier today, the U.S. Bureau of Labor Statistics released its latest jobs report, which appears to be very optimistic in the face of recession fears. Total employment in non-farm sectors increased by about 177,000 jobs, which far exceeds expectations, while the unemployment rate remained stable and wages rose.

This has led President Trump to once again call for interest rate cuts: