Brothers, if you’re still awake, don’t sleep yet! The June non-farm payroll data just exploded, with employment growth soaring to 162,000, which is significantly higher than Wall Street's forecast of 106,000! As soon as this data came out, the Fed's rate cut in July is completely off the table. The CME interest rate futures show the probability has plummeted from 25% to less than 10%, which is harder than winning the lottery! Powell was lounging in Congress a couple of days ago saying the economy and employment are so strong, why should I be in a hurry? The underlying message is that you guys in the crypto world should continue to bear the volatility!
Look at how chaotic the Fed is internally, Vice Chair Bowman and Governor Waller are shouting that a rate cut is a must in July, but nearly 40% of officials in the dot plot are insisting on no rate cuts. Even Goldman Sachs overnight revised their report saying not to expect any easing before September! Trump's tariff stick is even harsher; the countdown to the tariff decision on July 9 is directly adding 2.4 percentage points to the CPI. Now the U.S. import tariff rate has soared to the highest level since 1900 at 23%, and supermarket shelf prices are rising rapidly. The second inflation ghost story that Powell fears is becoming a reality!
If inflation explodes again before August, this year's rate cut may shrink to only 25 basis points! The dollar has secretly weakened this week, and the euro and yen are watching closely, but the non-farm data exceeding expectations has directly given the dollar a rebound, so emerging market assets need to fasten their seatbelts.
If you feel helpless or confused trading in the crypto world right now, I hope my sharing can provide you with some inspiration and help! Follow me to avoid getting lost, Old Zhao will help you get a step ahead and create an information gap with others!#非农就业数据来袭 $BTC