The Federal Reserve is about to start slacking off again!

The future direction of the Federal Reserve's monetary policy is shrouded in an increasingly thick fog of uncertainty. With the April non-farm payroll data significantly exceeding market expectations, top financial institutions represented by Goldman Sachs quickly adjusted their forecasts, lowering the likelihood of a rate cut in June. This change, like a cold shower, instantly extinguished the fervent expectations of the cryptocurrency market, gold investors, and even the global stock market regarding a rate cut. Nevertheless, I remain cautiously optimistic about the subsequent situation.

A deep dive into the April non-farm data reveals the structural contradictions in industry development. The healthcare industry led the way, contributing 28.9% of job growth, the transportation and warehousing sector also achieved a significant growth of 16.5%, and the retail and financial sectors showed a mild expansion trend. However, the manufacturing industry, as the cornerstone of economic stability, has raised a red flag, with key industries such as semiconductors and automobiles sinking into negative growth. This is akin to an important exam where the basic questions, which are easy to score, are completed exceptionally well, but the truly challenging questions that test one's abilities are all a failure; this phenomenon of "specialization" undoubtedly rings the alarm bell for economic concerns.

It is worth noting that the non-farm data statistical system has its peculiarities—part-time employment is also included in the statistical scope. This means that the apparently impressive job growth data may hide a secret: are more and more people being forced to make ends meet through part-time jobs? Especially in the wake of the adjustments to pension policies during Trump's administration, a large number of seniors returning to the workforce may have artificially inflated the prosperous appearance of employment data. A rate cut is definitely coming, but it may come late. The cryptocurrency market can prepare in advance, and it might be worth considering a layout in the primary market for Trump-related Dogecoin Co nan. This year, the bull market for Trump concepts is likely to explode, especially with the president's hero dog Conan, which is comparable to DOGE. The future is promising and worth paying attention to!