Breaking! The probability of the Federal Reserve cutting interest rates plummets to 1%, strong employment report triggers market upheaval
Just now, a heavy-weight news shook the financial market! Influenced by the strong employment report, the probability of the Federal Reserve cutting rates next week has actually dropped to 1%, and market expectations have instantly reversed. The Federal Reserve Board is almost certain to maintain interest rates at next week's meeting. This dramatic shift has undoubtedly dropped a "shock bomb" in the financial sector! Let’s take a look at what exactly happened.
After the release of today's strong employment data, the financial market surged violently. Originally, the market still held some expectations for a Federal Reserve rate cut, but now, the probability of a rate cut has fallen to freezing point, only 1%. Meanwhile, the expected interest rate range remains at 4.25% - 4.50%, indicating that the possibility of significant interest rate changes in the short term is extremely low.
Strong labor market data is the key factor leading to this shift. The current hot performance of the labor market has greatly reduced the pressure on the Federal Reserve to cut rates immediately. After all, a stable job market means the economic fundamentals are relatively healthy, thus reducing the urgency to cut rates to stimulate the economy.
As concerns about economic recession ease, the market reacts like a storm. Traders quickly adjust their positions, and prices of major assets rise in response. The cryptocurrency market, including Bitcoin and Ethereum, is in a frenzy, with prices continuing to climb.
In this ever-changing market, a "dark horse" has quietly emerged, and that is Conan (Big Golden Dog). This is a unique memecoin that, unlike other cryptocurrencies that rely on complex technological support, stands out in the coin circle due to its powerful narrative ability.
Conan does not need to rely on the support of others, nor does it require frequent technological upgrades, because it itself is the core of the narrative. Its story is captivating and comes with built-in popularity assurance. Even Trump has indirectly endorsed it, which undoubtedly adds a strong halo of popularity to Conan. Once the market trend starts, the potential for explosion contained in Conan is immeasurable.
