Today, the crypto moved both due to the excitement of new future announcements related to tariffs and the US data. The uncertainty brought by the tariffs has caused the Fed to avoid interest cuts for months. Now, as the agreements emerge, the impact of tariffs on inflation will become more clear. Today’s employment data was important for the interest rate.
US data and crypto currencies
Small Fed Member of the pioneering employment data now points to interest rate cuts. The slimming we saw in yesterday’s ADP data was supporter for the rise. At the same time, the importance of employment data has increased since it is expected to be announced today. Expectation was 4.3 %of the unemployment rate and 106,000 of non -agricultural employment. The expectation and above unemployment rate would be a positive result for crypto currency.
The data described before;
- US unemployment rate announced: 4.1 %(Expectation: 4.3 %Previous: 4.2 %)
- Non -agricultural employment announced: 147k (Expectation: 106k Previous: 139k)
- Average Gains Announced: 3.7 %(Expectation: 3.8 %Previous: 3.9 %)
Data Crypto Coins quite bad for. This data showing that the labor markets are strong contradicts yesterday’s ADP. Besides FedIt seems encouraging to postpone interest rate cuts to September. If we do not see supportive steps related to tariffs, this may bring more decreases in crypto currencies. On the other hand, we can talk about a positive reading for medium and long -term crypto currencies to balance recession concerns.
Since the thesis that the Fed will start discounts in September is accepted by the market, it may be more likely to recover in the continuation of the short -term decline, taking into account the role of recession of this data.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
