💥 Non-farm payrolls data exploded, and the Fed's interest rate cut expectations were put on hold! 💥
The non-farm payrolls data released this Friday far exceeded market expectations, directly making the market "slap in the face" the previous forecast of a 50 basis point rate cut! 💥 Aichi Aemiya, an analyst at Nomura Securities, pointed out that the Fed may reduce the rate cut to 25 basis points at the next November and December meetings! It seems that friends who want to see a significant rate cut can only wait...😅
🔍 Why did they suddenly change their minds?
Aemiya believes that Fed Chairman Powell has a strong voice in the Federal Open Market Committee (FOMC) meeting! 💪 Since his dovish speech at the Jackson Hole Conference in late August, Powell's views have almost dominated the FOMC's decision-making-even leading to the decision to cut interest rates by 50 basis points at the September meeting.
✅ Potential impact on the crypto market:
Negative effect: If the Fed slows down its rate cuts, the risk of tightening market liquidity will increase, which will put pressure on risky assets including Bitcoin. Good opportunities: But don't lose heart! As long as the Fed continues to gradually cut interest rates, it will still be beneficial to drive funds back to high-risk and high-return assets in the long run. 🌟
👀 So, what should we do at this stage?
Pay close attention to every move of the Fed! Especially the policy meeting in November! 📅 If it really only drops by 25 basis points, market sentiment may still fluctuate for a while! ⚠️ It will be safer to consider entering the market at that time!
