$BTC Market Downturn: News on Exchange Rates and Unemployment in the US
The EU and Canada’s interest rate cuts have sparked speculation about the Fed’s potential policy easing. However, the latest statistics showing a low unemployment rate in the US (4%) have dampened this optimism.
Investors are in a quandary: on one hand, there’s economic stimulation from central banks; on the other, persistent inflation and a robust job market.
The low unemployment rate gives Powell a reason to hold off on interest rate cuts, but the most intriguing part will be on June 12th, when May’s inflation data is released, coinciding with the Fed’s meeting. What do you think? Will the Fed ease its policies? 🤔
