$BTC
Tonight's non-farm payroll data is slightly bearish.
It is estimated that the entire weekend will oscillate in a narrow range. The small-scale trend has seen a volume-reduced V-shaped rebound, but there isn’t much big capital entering to support it.
Trump is urging the Federal Reserve to cut interest rates by 100 basis points all at once.
To put it bluntly, he wants to play the 'quick card' and use Europe’s interest rate cuts as a talking point.
The Federal Reserve has been delaying the pace of rate cuts, but the overall trend of cutting rates cannot be changed.
Building the country is pushing for rate cuts, but it's really about wanting good employment and rising stock markets during his term, as well as making money from tariffs.
On the surface, it looks like it's for the economy's good, but it actually seems more like a way to gain political capital for himself.
However, right now, U.S. inflation is not without pressure (wages were previously rising above expectations), so a sharp rate cut could temporarily placate the market.
The Federal Reserve isn’t foolish either, saying, 'Let’s talk after you solidify your trade and immigration policies.'
The implication is that your policies keep changing, leaving everyone uncertain. Cutting rates at this time would only make the market more anxious.
As for his argument with Musk and then the truce, it simply comes down to conflicting interests.
Musk opposes his tariffs, and he’s certainly not happy about it, but this minor conflict doesn’t mean much to him, especially since the EU is still supporting Musk.
You two can play late, argue all you want, but don’t joke about the brothers' wallets.
Tonight, the market was originally hoping for the Federal Reserve to cut rates in September, but the data came out.
Upon seeing that wages have risen nicely and the unemployment rate hasn't collapsed, many people believe that the rate cuts may have to be postponed, at least not before the fourth quarter.
After all, if wages rise too quickly, it could stimulate inflation, and the Federal Reserve needs to guard against 'prices bouncing along.' However, on the other hand, the number of small businesses hiring and the number of people applying for unemployment benefits indicate that the job market seems to be 'slowing down,' leading to conflicting data that leaves the market a bit confused.
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